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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GEMAYEL DIRECTS WRITTEN QUESTION TO GOVERNMENT REGARDING SIDON BEACH INCIDENT

Kataeb Leader Samy Gemayel has directed a written question to the government concerning the Sidon Beach incident, based on constitutional provisions that protect personal freedoms. Gemayel sought a clarification on the government’s position regarding the assault on Mayssa Hanouni and the concerning calls to prohibit women from accessing the beach. He also raised concerns about the inaction of the security forces in apprehending the attackers and inquires about the planned measures to prevent similar unlawful assaults and ensure the protection of personal freedoms.

Source: National News Agency – Lebanon

FM phone calls his Kazakhi counterpart

Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi made a phone call with his Kazakhi counterpart Murat Nurtleu to congratulate him on assuming his new duty. The ministers reaffirmed the strong bond between their respective countries and their shared dedication to enhancing them across multiple domains through collaborative efforts. They also tackled prospects for increasing cooperation in various fields, while affirming continued coordination on regional issues of mutual concern.

Source: Jordan News Agency

Georgian envoy underlines Jordan role in regional stability

Georgian Ambassador in Amman Zaza Kandelaki emphasized the crucial role Jordan played under the leadership of His Majesty King Abdullah II in achieving peace and stability in the region. At a press conference on Monday celebrating Georgia’s national day, he said Jordan and Georgia are eager to maintain their excellent relations and collaborate to enhance them further while building on previous accomplishments in diverse areas. He underscored the significance of Georgian Prime Minister Irakli Garibashvili’s visit to Jordan last year, during which the foundation stone was laid for a Georgian cultural center in the Baptism Site that garnered the support and interest of Georgia. The Georgian Cultural Center helped cement Jordanian-Georgian ties and attract more Georgian visitors for religious tourism in Jordan, stated Kandelaki, adding that the new center will encourage about 100,000 annual Georgian visitors to Jerusalem to pay a visit to Jordan. Pointing to occasional direct flights between the two countries, Kandelaki said, “We seek to organize regular flights to enhance economic cooperation and tourist exchange since Georgia is a top tourist destination for Jordanians.” He said that there are many common factors between the two countries in that they both play a pivotal role in achieving security and stability in the Middle East and Caucasus regions while also enjoying security and stability themselves. The envoy stated that the economic cooperation between the two sides is currently limited and falls short of their ambitions, but there is potential for growth and development as they work towards advancing their collaboration. In response to a question, he stressed the importance of the Palestinian and Israeli sides returning to the negotiating table to reach a step-by-step political solution.

Source: Jordan News Agency

Sultan bin Ahmed witnesses opening of 4th Arab Forum for Cultural Heritage

SHARJAH, 29th May, 2023 (WAM) — H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, witnessed on Monday, the inauguration of the 4th Arab Forum for Cultural Heritage (2023), organised by The Regional Office for the Conservation of Cultural Heritage (ICCROM-Sharjah), in cooperation with the Arab League Educational, Cultural, and Scientific Organisation (ALECSO) and Sharjah Institute for Heritage, at ICCROM’s headquarters’ in University City. Dr. Zaki Aslan, Director of ICCROM – Sharjah, pointed to the importance of preserving urban heritage in the Arab world, stressing that the forum is theme mainly focuses on the needs of the current stage and the countries’ goals and priorities that fall into sustainable development 2030. He pointed out that the forum coincides with the celebration of the tenth anniversary of the founding of the office, with the support and generous hosting of the Sharjah government, as the ICCROM-Sharjah office turned the office after its establishment over more than ten years into a reference institution for the protection, promotion, and preservation of the rich cultural heritage. In his speech, Dr. John Robbins, Chair of the Executive Board of ICCROM, discussed the relationship between three essential concepts in cultural heritage. One of these concepts is very old, urbanism. At the same time, the other two, resilience, and community care for cultural heritage, are contemporary, and the conference highlights the urgent need to address the intersection of these three themes. Dr. Mohamed Ould Omar, Director General of ALECSO, addressed in a speech that the forum’s topic reflects the importance of the results reached by research and studies related to cultural heritage and awareness of various factors involved in it. Furthermore, it deals with one of the oldest concepts known to humanity in organising living and stability, which is urbanisation, and the theories, ideas, and approaches crystallised around it, on top of which is the approach that this forum addresses, which is the culture of urbanisation and the resilience of heritage . Dr. Abdulaziz Al Musallam, President of the SIH, explained that the forum met with Sharjah’s great efforts, stating that the forum embodies Sharjah’s vision of preserving urban heritage. Dr. Dina Assaf, the United Nations Resident Coordinator in the United Arab Emirates, added that cultural heritage speaks out about peoples’ identity and who we are as a human society, as the theme of the forum this year is a reminder that urbanisation is not just physical structures, but rather an embodiment that reflects identity, traditions, and ambition. The forum focuses this year on five main axes: urbanisation, the importance of urbanisation in enhancing the role of society in the sustainability of cultural heritage, heritage as a tool for resilience, societal adjustment and culturally-based flexibility, and inclusion of cultural heritage in policies as a methodology for community cohesion, inclusivity, and equality. The Fourth Arab Forum for Cultural Heritage sheds light on ways that enable society to preserve its cultural heritage in the face of threats. It also discusses the role of the culture in the resilience and preservation of historical environments and how they cope during and after crises. The forum will also discuss the concept of urbanisation, focusing on the societal dimension and adaptation stemming from local contexts, traditional knowledge, and others as tools for cultural heritage sustainability. It will also serve as a platform to start interdisciplinary conversations on practices to increase the recovery of cultural heritage from conflict and climate change.

Source: Emirates News Agency (WAM)

Dubai’s Department of Economy and Tourism launches ‘QR Code’ initiative for Holiday Homes in Dubai

DUBAI, 29th May, 2023 (WAM) — Dubai’s Department of Economy and Tourism (DET) today announced the launch of a new QR Code initiative for Holiday Homes in Dubai, as part of efforts to improve transparency and increase confidence among investors and visitors in the short-term rental market. Launched as part of Dubai’s commitment to supporting the continuous growth of the hospitality industry, the initiative is closely aligned with the goals of the Dubai Economic Agenda (D33) to further consolidate Dubai’s position as one of the top three global cities. Additionally, the initiative is in line with Dubai’s digital transformation strategy, which seeks to establish the emirate as a leading global smart city. As part of the initiative, owners of Holiday Homes will now be required to display a QR code on the main entrances of their vacation properties in Dubai. This code enables visitors and guests to conveniently scan it and access essential information about the operator of the Holiday Home and the relevant contact details for DET. The initiative will also facilitate oversight and inspections conducted by the Dubai Corporation for Consumer Protection and Fair Trade, part of DET, ensuring strict compliance with procedures. DET’s Dubai Business License Corporation will oversee the implementation of the QR Code project, which will further enhance the city’s diverse hospitality infrastructure catering to the varied preferences and budgets of international travellers. Shaikha Al Mutawa, Director of Hospitality Affairs Department at Dubai’s Department of Economy and Tourism (DET) said: “As we continue to navigate the ever-changing landscape of the tourism industry, we recognise the importance of innovation and technology in further bolstering Dubai’s image as a must-visit destination. To ensure the effective governance of the Holiday Homes segment, we are introducing QR codes, as a part of the ongoing digital transformation process across customer and visitor touchpoints in the city. It is also a testament to our commitment to providing exceptional experiences for our guests in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to make Dubai the best city to visit, live in and work. We are also continuously taking steps to offer flexible and multiple options year-round in the short-term rental market, thereby strengthening confidence among investors and potential guests.” According to DET data, the Holiday Homes segment has registered excellent growth, reaching 21,132 units (+45.5% YoY), with 32,794 rooms (+40.7 % YoY) by the end of March 2023, compared to the same period in 2022 (14,518 units and 23,299 rooms). Additionally, Holiday Homes hosted 137,144 guests in Q1 2023. Dubai’s Holiday Homes features a diverse range of residential units, including studios, apartments, and villas in gated communities, as well as properties in farms located in the Hatta area, providing privacy and ample space for families as well as a unique vacation opportunity for guests that transcends traditional hospitality experiences. The Dubai Business Licence Corporation (DBLC) offers licences and permits for licensed establishments to manage and document their activities based on the Holiday Homes classification system. Dubai’s Holiday Homes market undergoes a rigorous classification process, periodically categorised into tourist and luxury units and villas, based on the conditions set by DET, which conducts inspections to ensure that the units meet the approved classification criteria. Detailed information can be found by accessing a guide for operating vacation homes, available on DET’s website for Holiday Homes at

Source: Emirates News Agency (WAM)