Bybit Receives In-Principle Approval to Operate in Kazakhstan

ASTANA, KAZAKHSTAN – Media OutReach – 29 May 2023 – Bybit, the world’s third most visited crypto exchange, has received in-principle approval by Kazakhstan’s Astana Financial Services Authority (AFSA). This latest approval highlights Bybit’s continued commitment to expanding its presence in emerging and dynamic markets.

The in-principle approval subjects Bybit to pre-conditions leading to permanent authorization upon Bybit’s completion of the full application process. With this approval, Bybit will be allowed to operate a Digital Asset Trading Facility and provide Custody Services at the Astana International Financial Centre (AIFC) in Kazakhstan.

Kazakhstan is a gateway to the Commonwealth of Independent States (CIS), a fast-growing market that is rapidly embracing cryptocurrencies. The region has established itself as a hub for cryptocurrencies, mining, and blockchain development. Bybit recognizes the potential of this market and is excited to offer its services to customers in Kazakhstan and CIS.

“It has always been our primary objective to operate our business in compliance with relevant rules and regulations. Bybit firmly supports the regulatory objective of establishing a compliant, secure, and transparent cryptocurrency industry to benefit users.” said Ben Zhou, co-founder and CEO of Bybit. “We are delighted to receive an in-principle approval from AFSA. We believe in the promising potential of the CIS and are eager to open up our world-class trading platform for crypto enthusiasts in the region. We are committed to continuing to improve the cryptocurrency industry’s standards and provide a valuable experience to our customers.”

Bybit is committed to operating in line with regulatory frameworks and aspires to have a presence in the AIFC, which leads the way as a progressive fintech jurisdiction and provides a regulatory framework for crypto in CIS countries.

#Bybit / #TheCryptoArk

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

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Body of young man swept away by flash floods found in Aqaba

The security forces late Sunday found the body of a young man in his thirties who was swept away by flash floods while driving his vehicle in the Shammia area of Aqaba, which has been experiencing heavy rainfall. Speaking to the Jordan News Agency (Petra), Khaled Al-Hajaj, the Governor of Aqaba, revealed that a search team had been assembled overnight to locate the young man who had been swept away by the floods in the northern part of Aqaba. Unfortunately, the team found the young man’s lifeless body in the early hours of Monday morning. Al-Hajaj emphasized that the intense rain and subsequent floods forced the temporary closure of several roads in the Al-Qweira and Wadi Al-Yatam areas. However, these routes were reopened after a few hours, allowing traffic to resume. He reassured the public that all roads in the governorate were currently open and no closures were in effect. In light of these events, the Governor urged citizens and motorists to exercise extreme caution while using the roads, advising them to steer clear of low-lying areas and riverbanks. Furthermore, he emphasized the importance of staying informed about weather updates and following the guidance provided by the Meteorological Department to ensure personal safety.

Source: Jordan News Agency

Authorities maintain flash floods alert for Monday

The alert for potential flash floods remains in effect on Monday, particularly in the southern and eastern regions of the country. Abdul-Menaem Qaraleh, the Acting Director of the Jordan Metrological Department (JMD), emphasized in an interview with the Jordan News Agency (Petra) that the unstable weather conditions during summer differ from winter systems in terms of their unpredictable precipitation levels and sporadic geographic distribution. Furthermore, he reported instances of intense hailstorms damaging vehicle windows, rooftops, as well as solar water heating and power systems in certain areas of the capital, Amman, during the early hours of Monday. Qaraleh cautioned that the occurrence of such extreme weather events remains possible throughout the day. He highlighted that in the southern district of Petra, precipitation reached a significant 18 millimeters in less than 15 minutes. The director of the JMD urged the general public to steer clear of areas prone to flash floods and to avoid exposure to hail showers.

Source: Jordan News Agency

Abu Dhabi University concludes 4th ADU-ASU Research Forum 2023

ABU DHABI, 29th May, 2023 (WAM) — Building on the success of the three previous editions, Abu Dhabi University’s (ADU) College of Engineering (CoE) hosted the 4th ADU-ASU Research Forum 2023, under the theme of “Concrete in Hot Weather: Building for Tomorrow, Innovations in Sustainable Design and 3D Printing for Smart Construction”, in collaboration with School of Sustainable Engineering and the Built Environment at Arizona State University (ASU). The Forum presented a significant contribution to the production of 3D printing sustainable concrete suitable for the UAE’s environmental conditions. The Forum was inaugurated by Dr. Samer Al Martini, Chair of the Forum and Associate Professor of Civil Engineering at ADU, Prof. Thomas Glas-Hochstettler, Provost of ADU and Dr. Hamdi Sheibain, Dean of the College of Engineering at ADU. The event serves in line with two United Nations sustainable development goals, SDGs three and nine. The Goals aim to ensure maintaining the health and well-being of individuals as well as promoting construction resilience and solid infrastructure for inclusive and sustainable industrialisation. By addressing these goals, the Forum seeks to generate innovative outcomes that serve in line with the UAE’s year of sustainability and contribute to the ongoing growth of the country’s knowledge-based economy. The Forum was inaugurated through strategic partnerships with the American Society of Civil Engineers (ASCE) led by ASCE Director Region, Dr. Elias Al Sayah and ASCE’s President Dr. Reem Sabouni, Abu Dhabi Municipality and Society of Engineering, in addition to the Forum supporters including Karlsruhe Institute of Technology (KIT) and the Arab Youth Center (UAE). The event was sponsored by several international and national industrial companies including Schwarzwrlder Textil-Werke Heinrich Kautzmann GmbH (STW) Germany, KTI Plersch Krltetechnik, Germany, VIP-Various Ice Product (UAE) and Transgulf Readymix Concrete (UAE). The two-day Forum provided students, scientists and engineers with the opportunity to engage in research and development discussions and exchange knowledge on the topic of hot weather concreting, sustainable smart construction and design while emphasizing the recent advancements and 3D printing technology as a means of solving industrial challenges. Furthermore, numerous keynote presentations and technical and industrial sessions were featured during the Forum, which focused on sustainability, hot weather building materials and 3D concrete printing construction. Additionally, the insights gained during the two-day event focused on ways to enhance construction productivity, safety and sustainability. Alongside, addressing challenges related to the utilisation of 3D concrete printing technology for structural applications. Over 200 individuals participated in the Forum, in addition to 60 attending virtually. Additionally, representatives from industrial companies and public sectors partook in various sessions and lectures throughout the event and demonstrated their expertise and knowledge in sustainable smart construction and 3D Printing. Through this event, ADU aims to empower its students by offering world-class extracurricular and learning opportunities that allow them to gain research knowledge, elevate their skillset and provide them with innovative learning methods. During the Forum, ADU students showcased their sustainability-related projects during the poster and model presentation sessions of the Forum and the ASCE ADU student chapter participated by hosting their chapter’s stand at the Forum. Dr. Hamdi Sheibani, Dean of the College of Engineering at Abu Dhabi University (ADU), said, “We are delighted to once again partner with Arizona State University, one of the USA’s prestigious universities, to conduct the 4th ADU-ASU Research Forum 2023. Working closely with a strategic partner like ASU supports our mission of providing our students with a world-class education while empowering their critical thinking and research enthusiasm. It also prepares them to succeed in an increasingly competitive job market.” Dr. Samer Al Martini, Associate Professor of Civil Engineering at Abu Dhabi University (ADU) and Chair of the Forum, stated, “The 4th ADU-ASU Research Forum 2023 serves as a remarkable testament to ADU’s unwavering commitment to investing in scientific research opportunities that foster innovation and creative thinking among our faculty, students and community.” Prof. Narayanan Neithalath, the forum collaborator, from ASU, added, “We are proud to collaborate with Abu Dhabi University in hosting the 4th ADU-ASU Research Forum 2023. This event showcases the power of partnerships and the collective efforts in advancing sustainable design, 3D concrete printing, and innovative solutions in the field of construction. Together, we aim to create a lasting impact on the built environment and contribute to a sustainable future.”

Source: Emirates News Agency (WAM)

Dibba Al Hisn Cultural Centre resumes Dual Theater Festival

SHARJAH, 29th May, 2023 (WAM) — The Cultural Centre in Dibba Al Hisn resumed the sixth session of the “Dual Theatre Festival” activities on 28th May at the “Dual Theater Festival” held by the Theatre Department of the Department of Culture. The activities of the third day of the festival began with the closing session of the ” Sharjah Forum for Arab Theatre 18″, in which the Moroccan artist, Rasheed Broumi, spoke about ways to use music in Arab theatre experiences, indicating that music was used in primarily Arab theatrical performances decoratively. Researcher Raad Khalaf reviewed his personal experience composing the musical material accompanying the play, detailing his approach to preparing the music, from the rehearsal stage to present the show in its final form. Egyptian director Hani Afifi discussed the financial and technical challenges of attempting to create a musical, theatrical show. He stated that it is the productive capabilities of each theatrical performance that dictate the type and size of the role in which music is used Moroccan Abdel Majeed Fneish reviewed the experiences of some playwrights in his country, who used traditional music, with its melodies and instruments, to formulate a local identity for their theatrical performances. Hazem Hussein/ Khoder Nashar

Source: Emirates News Agency (WAM)