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 […]

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.

For more information please visit: https://www.bybit.com/

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TMC: NINE INJURED IN SIX ROAD ACCIDENT WITHIN LAST 24 HOURS

Nine persons have been reported injured in six road accident within the last 24 hours, the Traffic Management Center said on Monday. Source: National News Agency – Lebanon

Nine persons have been reported injured in six road accident within the last 24 hours, the Traffic Management Center said on Monday.

Source: National News Agency – Lebanon

Chinese tourist group visits Busra al-Sham city

A tourist group from the People’s Republic of China visited Saturday the ancient city of Busra al-Sham in Daraa.The tourist group included a number of university professors, managers and businessmen from the Friends of UNESCO and the Geographic TV sta…

A tourist group from the People’s Republic of China visited Saturday the ancient city of Busra al-Sham in Daraa.

The tourist group included a number of university professors, managers and businessmen from the Friends of UNESCO and the Geographic TV station.

University professor Ganj Mali said in a statement to SANA’s correspondent that the archaeological visit to Bosra was an important incident, according to its importance in the history of the East , appreciating her great admiration for the archaeological landmarks there that express the greatness of ancient civilizations.

In his turn , University Professor Jane Quagge noted that he had never seen an archaeological area as beautiful as the city of Busra al-Sham, whose ruins indicate the succession of civilizations and its importance in previous eras.

Source: Syrian Arab News Agency

Syria- China discuss developing transport cooperation

Transport Minister Zuhair Khuzaym discussed with China’s Ambassador in Damascus, Shi Hongwei ways to promote cooperation and coordination in different modes of transport, and upgrade them to the level of political and strategic relations between the tw…

Transport Minister Zuhair Khuzaym discussed with China’s Ambassador in Damascus, Shi Hongwei ways to promote cooperation and coordination in different modes of transport, and upgrade them to the level of political and strategic relations between the two countries.

The talks touched upon the importance of Syria’s participation in the “Belt and Road Initiative”, as it was historically an important station and bridge for the ancient Silk Road, with its vital strategic location that enables it to play an effective role as a connecting link for land, rail, marine and air transport lines, in a way that contributes to activating transport movement, increasing trade and economic exchange, and stimulating the establishment of joint investment.

The Minister of Transport highlighted the Chinese people’s support for the Syrian people and humanitarian assistance provided to the affected by the earthquake.

In turn, the Chinese ambassador pointed out the importance of expanding cooperation and investing in Syria’s which has a vital location, and intensifying efforts to develop relations and encourage joint investments, particularly in the fields of transportation.

Source: Syrian Arab News Agency

Qatar CCUS Forum Kicks Off in Doha, Announces New Approach for Global Carbon Council

Chairman of the Gulf Organisation for Research & Development (GORD) and Chairman of the Global Carbon Council Dr. Yousef bin Mohammed Al Horr asserted that the launch of carbon capture and storage projects will provide millions of tons of long-term em…

Chairman of the Gulf Organisation for Research & Development (GORD) and Chairman of the Global Carbon Council Dr. Yousef bin Mohammed Al Horr asserted that the launch of carbon capture and storage projects will provide millions of tons of long-term emissions. He outlined that such projects would double the positive effect of 1500 projects that were rolled out to the council by 45 countries to mitigate climate change effects within greenhouse gas reduction projects.

In his inaugural speech before the CCUS Forum that took place on Monday, under the auspices of HE Minister of Environment and Climate Change Sheikh Dr. Faleh bin Nasser bin Ahmed bin Ali Al-Thani, Al Horr emphasized that the State of Qatar is the first venue for a first international carbon credit program rooted in the Global South. He pointed out that the forum is a turning point in the joint Gulf efforts to overcome exigent challenges facing the region and the world in climate change.

Transitioning to a low-carbon sustainable economy will enable Qatar to diversify the global energy mix, reduce greenhouse gas and subsequently contribute to the global transition to a low-carbon economy in accordance with Paris Agreement, Al Horr said.

The council is proud that the State of Qatar is the venue of the first international carbon credit program rooted in the Global South, he added, noting that the council is extending the invitation to everyone to engage in the public consultation, which is poised to be announced soon as one of the Incentivizing initiatives for carbon capture and storage projects through issuance of carbon credits.

The Founding Chairman of the Gulf Organisation for Research & Development revealed the ability of the new approach to providing millions of tons of long-term emissions, predicting that GCC states will generate 2 billion of carbon credits over the next 8 to 10 years that will be utilized within storage projects.

HE former Minister of Energy and Industry Dr. Mohammed bin Saleh Al Sada said the Arab region has made great strides in overcoming climate challenges since the launch of the Climate Conference (COP18) that was previously held in Doha, in addition to the Sharm El-Sheikh Climate Change Conference (COP 27) and the upcoming edition (COP28) which is poised to be held in Dubai this year.

He outlined that approaching Net-Zero Emissions and their reduction requires the use of all clean and effective technologies available for energy, including carbon capture, use and storage.

The forum’s objectives and its mission are incorporated into the concerned countries pledges at the national level where 13 states have submitted them, alongside the European Union, where several of them became part of countries that are committed to attaining Net-Zero Emissions by 2050, Al Sada noted.

He reviewed various methods of carbon capture and utilization (CCU), such as the increase in oil recovery which is injected in oil fields to augment crude oil production by storing the Carbon Dioxide underground.

As for major oil-producing countries, he said, the combination of CCUS and increased oil recovery can dramatically reduce production costs, as well as utilize carbon dioxide in construction materials, chemical elements, and fuel, emphasizing that such a method will open new economic access and promote innovation.

HE Al Sada called for addressing the challenges that impede the implementation of the CCUS technologies to broadly utilize their benefits, pointing out that there are an array of methods in pre-combustion and post-combustion capture of carbon and each method has its technical requirements. However, it is very imperative to optimize these technologies and reduce their energy needs, in addition to optimizing the capture techniques to achieve the anticipated economic feasibility, he said.

His Excellency said the capture technology faces overwhelming challenges related to their high costs, including the challenge of finding appropriate carbon dioxide storage sites, although depleted oil and gas reservoirs or deep salt basins are preferable storage sites, he noted, however, they should have sufficient capacity, along with geological safety to be securely stored in the long term.

It is noted that the overall site characterization, monitoring, and risk assessment are crucial to ensure the stored carbon dioxide remains insulated and make sure that it cannot be leaked into the environment while addressing these challenges require technological advancement, supporting policies and legislations, financial incentives, and international cooperation. The CCUS technologies can be an effective and indispensable tool to reduce emissions and contribute to global efforts dedicated to combating climate change.

Organized by Birba company, the Carbon Capture, Utilization, and Storage (CCUS) Forum features interactive sessions that offer opportunities to share expertise and ideas among the attendees, in addition to developing international cooperation in this field. The event also includes presentations on research and technologies that enhance capture operations.

The forum intends to review the latest developments in the capture, storage, and carbon utilization field, as well as highlight the innovations and technologies that underpin these vital operations and discuss their relevant policies and regulatory framework, along with the findings that have been achieved around the world.

In cooperation with strategic partners and with the participation of a contingent of interested experts from all over the world, the forum will run until May 31. Its convention in the State of Qatar is a critical step towards overcoming challenges related to climate change, while the second session will convene in 2024.

Source: Qatar News Agency

Qatar National Library’s Cultural Salon Explores Wide-Ranging Impact of Artificial Intelligence for Arab Societies -1-

Sharing his expertise, Dr. Al Sulaiti focused on the impact of AI on various professions, including medicine, law, education, engineering, design, and accounting. He said: “Artificial intelligence, from my perspective, serves as a powerful tool to aug…

Sharing his expertise, Dr. Al Sulaiti focused on the impact of AI on various professions, including medicine, law, education, engineering, design, and accounting. He said: “Artificial intelligence, from my perspective, serves as a powerful tool to augment human abilities, not to replace them. For instance, doctors might employ AI programs to better detect health issues in patients, or teachers might use AI to tailor the learning experience to each student’s unique needs. This shows that AI doesn’t replace employees but enhances their capability to perform their roles more effectively. Current studies and reports reveal that cognitive, repetitive white-collar jobs are more influenced by AI than manual blue-collar roles. As this technology evolves, we see new job roles rising, like AI ethicists, AI system trainers, and AI maintenance specialists – positions that were unheard of just a decade ago. This stands as a testament to AI’s potential to spawn entirely new industries and professions.” For his part, Dr. Ghaly presented a comprehensive exploration of the ethical dimensions of AI. He said: “Ethical discourse on AI is still in its infancy, with most responses to date being brief and specific to certain concerns or questions. However, as we look at the current landscape and anticipate future developments, it’s apparent that AI technologies are adding complexity to these ethical matters. The universally accepted ethical principles such as justice, transparency, and respect for privacy are often broadly and ambiguously defined, leading to little room for disagreement, even among tech giants. A concerning scenario emerges when ‘knowledge production’ transforms into a commercial market dominated by these technology behemoths, which can accumulate significant intellectual property and decide who can access or benefit from the monopolized knowledge. This development poses substantial challenges not just to principles, but to their application in a way that resonates with diverse cultures and religious beliefs. However, there’s hope that public awareness of these risks will grow, potentially putting pressure on these companies to alter their behavior concerning these ethical aspects.” The expert talks led into a wider exchange with attendees in the audience. The interactions further enriched the dialogue with a diverse range of views and concerns around the impact of AI on privacy, freedom, and ethics.

The Cultural Salon was launched with the aim of creating an open public space that promotes dialogue, enriches culture and raises public awareness. In its second edition, the event succeeded in fostering a dynamic, multifaceted exchange of ideas with the potential to help shape understanding of the potential implications of AI applications on Arab and Muslim societies.

Source: Qatar News Agency