Day: October 10, 2022

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Bybit Users to Make the Most of Their Capital With New Loans

  • Bybit users can make more efficient use of their assets and earn extra income via the crypto exchange’s passive income and trading products.

VICTORIA, SEYCHELLES – Media OutReach – 10 October 2022 – Bybit, the world’s third most visited crypto exchange, today launched its Crypto Loans service, which provides the platform’s 10 million users access to collateralized loans allowing them the freedom to manage their own capital efficiency.

Bybit’s Crypto Loans allow users to access liquidity without needing to sell their cryptocurrency. Instead, they can use their digital assets as collateral to borrow popular coins like BTC, ETH, and or XRP, as well as stablecoins like USDT and USDC.

Bybit Crypto Loans come with a host of advantages: loaned funds are available immediately and can be repaid at any time with no penalties; they come with excellent interest rates and there are even preferential rates available. Finally, paying back the loan is a matter of a few simple clicks.

The ability to take out loans against idle funds allows investors to make their capital work harder, go further,  and maximize opportunity costs. It also provides the ability to hedge portfolios and take out short, and delta-neutral positions.

For example, Bybit users who don’t want to sell their assets can take out a loan to perform a short-term trade, buy a passive income product from Bybit Earn that earns a higher rate of interest than the cost of the loan, or even withdraw the funds to spend elsewhere. In particular, USDT Perpetual traders can increase their Position Margin by collateralizing their assets and borrowing USDT to add to their margin.

“There are vast opportunities for our investors in this bear market,” said Ben Zhou, co-founder and CEO of Bybit. “Bybit Crypto Loans provide maximum flexibility. Savvy users can now put their stablecoin and crypto stacks to work to increase their crypto asset holdings, and take advantage of the many trading and passive income opportunities available on Bybit and beyond.”

About Bybit

Bybit is a cryptocurrency exchange established in March 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 racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

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

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For media inquiries, please contact: press@bybit.com

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M4Markets Acquires CySEC Licence to Cater to European Clients

NICOSIA, Cyprus, Oct. 10, 2022 /PRNewswire/ — Global FX and CFD broker M4Markets has announced today that it has acquired a CySEC license and will now be offering services and products to European traders.

M4Markets Acquires CySEC licence

Following a very successful journey outside Europe during the past two years, M4Markets has established itself as one of the most reliable brokers in the industry and has collected a number of awards and accolades that bear witness to the broker’s achievements. The broker’s growing client-base and trading volumes are a testament to its success and the direction towards offering services to European clients is strategic as M4Markets is endeavoring to establish itself as one of the key players in the industry.

More specifically, M4Markets and the group behind M4Markets, the Oryx Group, have purchased ICC Intercertus Capital Ltd, a legal company regulated by CySEC. ICC Intercertus Capital Ltd will now be operating under the legal name of Harindale Ltd and will be operating as M4Markets Europe.

Speaking about the new license acquisition, M4Markets Group CEO, Mr. Panikos Teklos, commented that “M4Markets has grown significantly over the past two years and strategically it was the logical next step for us to penetrate the European market as a lot of the European traders are experienced and as passionate about trading as we are. We are committed to maintaining the same level of client service that has helped set M4Markets apart and we will continue to improve our offering to meet the needs of our traders.”

Also commenting on the CySEC license, M4Markets Group CMO Mrs. Marilena Iakovou noted that “When we started M4Markets we faced a lot of challenges, it was in the midst of the pandemic, the industry was saturated from competition and against all odds, we’ve managed to position ourselves as one of the most trusted brokers in the industry. The background of the founders of M4Markets is in investment banking and professional advisory services and we have tried to maintain that level of quality and commitment throughout our services to European traders.”

About M4Markets

M4Markets is a Forex and CFD trading services provider offering first-class trading products with ultra-competitive pricing and execution. M4Markets is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and by the Seychelles Financial Services Authority (FSA Seychelles).

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ISNR Abu Dhabi 2022 kicks off today

Abu Dhabi, The seventh edition of the International Exhibition of National Security and Resilience (ISNR Abu Dhabi 2022) opened today under the patronage General Lieutenant General His Highness Shaikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior.

The exhibition is organized by Abu Dhabi National Exhibition Centre Group in cooperation with the Ministry of Interior and in strategic partnership with Abu Dhabi Police General Headquarters

It will see a high-level international presence, and the participation of a prominent group of major national, regional and global companies specialized in the field of national and cybersecurity, WAM reported.

The exhibition, which will continue until October 12, will see large-scale domestic, regional, and international participation. The number of exhibitors in this year’s edition marked a 121 percent increase from the previous edition in 2018, while exhibition space increased by 15 percent.

The percentage of participating companies increased by 120 percent with 33 countries, while companies participating in the exhibition for the first time make up 8 percent of overall participating companies, with national companies making 34 percent of participants.

The exhibition will be attended by more than 120 regional and international delegations, marking a 20 percent increase from the 2018 edition, including delegations from Saudi Arabia, Bahrain, Singapore, Egypt, Greece, Iraq, Italy, and Ethiopia, in addition to an Interpol delegation.

The event will also feature 30 prominent speakers and 23 high-level seminars held on the sideline.

Source: Bahrain News Agency

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President Aoun met the Armenian Catholic Patriarch and discussed with him general affairs.

​President Aoun: “We hope to complete all arrangements related to the demarcation of the southern maritime borders within days after the indirect negotiations went a long way”.

President Aoun: “The launch of the oil and gas exploration process marks the beginning of a new impetus for the economic recovery process”.

Patriarch Minassian to President Aoun: “You sacrificed and risked a lot for the sake of the country. You took firm and courageous positions in the interest of Lebanon”.

Patriarch Minassian briefed President Aoun about his trip to the Vatican to follow the canonization file of the late Patriarch Cardinal Krikor Pedros Aghajanian”.

President of the Republic, General Michel Aoun, met the Armenian Catholic Patriarch of Cilicia, Patriarch Raphael Pedros XXI Minassian, today at Baabda Palace.

President Aoun assured Patriarch Minassian on the eve of his trip to the Vatican, that he hopes to complete all the arrangements related to the demarcation of the southern maritime borders within the next few days, after indirect negotiations led by the American mediator, Amos Hochstein, have advanced a long way, and the gaps that were negotiated over the past week have narrowed. 

In addition, President Aoun considered that reaching an agreement on the demarcation of the southern maritime borders means the start of the process of exploration for oil and gas in the Lebanese fields located within the exclusive economic zone, which will achieve the beginning of a new impetus for the process of economic revival.

Moreover, the President praised the role played by members of the Armenian Catholic community, along with members of other sects, in contributing to the recovery of Lebanon as soon as possible.

At the beginning of the meeting, Patriarch Minassian gave a speech in which he thanked President Aoun for the sacrifices he made for the sake of Lebanon.

Patriarch Minassian said: “You have sacrificed and risked a lot for the sake of the country, since you assumed the responsibility of leading this country, beginning with its valiant army until it handed you the presidency of Lebanon, which is going through an unenviable period of regression, which prompted you to take firm and courageous stances in the interest of our homeland, Lebanon. That is why we wanted to visit you today, and thank you for everything you have done for this country and its steadfast people”.

“We came as representatives of our sect, which, despite its small number, has been and continues to witness throughout history its strong presence, represented in serving this country and its people, and sowing the seeds of coexistence and brotherhood among its children. This Armenian Catholic sect who sincerely loved this country and harmonized with its children, had lived and tasted hunger, war, prosperity and success. This sect, in its patriarchal seat, from the monastery of Our Lady of Bzommar, which seems silent but toils, works and prays through its priests who are scattered at home and abroad, for the sake of Lebanon.  We pray today and ask God to pour out His abundant blessings upon you so that you can save Lebanon and its people from this dark tunnel and bring it to the shore of relief and prosperity” Patriarch Minassian added.

Patriarch Minassian also briefed President Aoun on the objectives of his visit to Rome, most notably following up the file of the canonization of the late Patriarch Cardinal Krikor Pedros Aghajanian, and researching a number of issues of concern to the sect. 

There general situation in the country and the work of the patriarchal institutions in the humanitarian, social and apostolic fields, especially during the difficult circumstances that Lebanon has been going through in the past years were also tackled.

Patriarch Minassian was accompanied on the visit by Beirut MP Jean Taluzian, patriarchal assistant, Archbishop Georges Asadorian, Patriarch’s secretary Father Narek Minoian, and the patriarch’s public relations and media official, Charbel Bastouri.

Statement:

After the meeting, Patriarch Minassian made the following statement:

“Our visit to His Excellency the President was friendly, as I told him the reason for our travel to Rome, which is to initiate the claim of His Holiness Cardinal Aghajanian, who was the Armenian Catholic Patriarch in difficult years, and who worked for the independence of Lebanon.

I wished President Aoun to reach a better future for our country, Lebanon”.

Source: Presidency of the Republic of Lebanon       

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FORBES MIDDLE EAST UNVEILS ITS “30 UNDER 30” LIST FOR 2022, FIVE BEING IN LEBANON

Forbes Middle East revealed its annual “30Under30” list for the fifth year in a row, which includes an inspiring group of entrepreneurs, innovators and athletes, covering 6 categories, namely sports, commerce, science & technology, finance, social impact, and creativity.

In an issued statement, Forbes Middle East indicated that in order to qualify for the list, candidates must be under 30 years of age by December 31, 2021, without any nationality requirement; however, they must reside in the Middle East and North Africa region.

“This year’s list includes 35 individuals of 13 nationalities,” the statement added, noting that “Egyptians are the most represented with 12 people, followed by 6 persons from Lebanon and 3 from Oman and Saudi Arabia.”

“The residency of the candidates is distributed among 8 countries in the Middle East, with 12 of them residing in Egypt, followed by 10 in the UAE, 5 in Lebanon, and 3 in Saudi Arabia, while the average age of all those who qualified for the list is around 27 years,” the statement explained.

In its strive to find the region’s most promising young talent, Forbes Middle East evaluated more than 400 nominations in two rounds, yielding a shortlist of 80 candidates. Then the judges, who are all experts in their respective fields, screened the candidates’ data to select those who deserved to qualify for the final list. Among the selection criteria, the team of judges considered the impact of the candidates on the industry and market, as well as their societal influence and future growth opportunities. Additionally, they also assessed their quantitative data and numbers, such as: the amount of funds, the prizes won by the candidates, the revenues and the value of the deals, the number of customers and followers on social media.

It is worth mentioning that business entrepreneurs dominate the 2022 list, with 21 figures on the list being corporate founders or co-founders. The list also includes scientists, mathematicians and digital content creators.

Today, Forbes Middle East is finalizing its program for the first “Under 30” summit in Egypt, to be held in El Gouna in November 2022. The event will bring together the Middle East’s “Under 30” community, investors and prominent business leaders.

Source: National News Agency

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FERZLI RECEIVES AL-BUKHARI: SAUDI ARABIA HAS ALWAYS BEEN A GOOD BLESSING FOR LEBANON

Former Deputy House Speaker Elie Ferzli received at his Baabda residence today the Saudi Ambassador to Lebanon, Walid Al-Bukhari, with talks centering on hour issues and Saudi-Lebanese relations.

Following the meeting, Ferzli hailed the historical relations between Lebanon and Saudi Arabia, which have always been a blessing for this country.

In response to a question about the Saudi role in the presidency dossier, he said: “The Saudi side affirms, as I understood from His Excellency the Ambassador, that the Lebanese and the MPs have the primary and central role in crafting the notion that produces a consensual president whose role is to reconcile the Lebanese among each other and take Lebanon to safety shore where it should be…”

He added that “the talk about Saudi pressure harms the idea of the role, and we are looking forward to roles based on common conviction and thinking out loud, leading to a distinguished Lebanese role in the region.”

Al-Bukhari, in turn, presented to Ferzli his book of memoirs entitled, “The most beautiful history was tomorrow.” Source: National News Agency

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Saudi National Team Qualifies for the Finals of Asia Juniors U17 Soccer Championship 2023

Dammam, The Saudi National Team was reassured to qualify for the finals of Asia Juniors U17 Soccer Championship 2023 after having eliminated its staunch rival India 2-1 at a final match within G5 held at Prince Mohamed bin Fahd Stadium in Dammam on Sunday.

In the second match, which took place at Saud bin Juluwe Stadium in Dammam twin city of Al-Khober, Myanmar crushed The Maldives seven love.

Accordingly, Saudi Arabia topped G5 with full mark of 12 points from four matches while India, which collected nine points from four matches, is to wait until the top six national teams of the ten groups of the tournament, were determined.

Source: Saudi Press Agency

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Strategic Partnership between Saudi Arabia, Oman to Enhance Cooperation in Digital Transformation, Building Future Leaders

Riyadh, A delegation of the information and communications technology (ICT) sector, headed by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha, embarked on a series of official meetings during a current visit to Muscat, which aims at opening new scopes and building a fruitful cooperation between the two countries in the fields of technology and innovation. The first meeting was held with Minister of Transport, Communications and Information Technology Saeed Al-Mawali and Minister of Economy Saeed As-Saqri.

Meetings went over means to enhance cooperation between the two countries in the fields of speeding up the growth of digital economy in the region, cooperation in the field of digital governance and developing digital talents, in addition to discussing ways necessary to enhance cooperation between the two sides to benefit the two countries’ economies, where the meetings also stressed the importance of exchanging expertise and cooperating with the Omani side to contribute to increasing the sultanate’s competitiveness on global development indexes.

In a bid to activate strategic partnership between the two brotherly countries, the meetings were followed by signing two executive programs between the two ministries for cooperation in the digital transformation field and developing digital capacity, in the presence of Al-Swaha and Al-Mawali.

Under the developing digital capacity program, the two sides will cooperate in implementing several joint initiatives that includes the possibility of Omani national personnel to join training camps that the Saudi side, represented by the ministry, will organize through its “Future Skills” initiative that is implemented through the Saudi Digital Academy and Tweiq Academy.

Source: Saudi Press Agency

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KSrelief’s Masam Project Dismantles 739 Mines within a Week in Yemen

Aden, King Salman Humanitarian Aid and Relief Center (KSrelief) Project (Masam) for clearing in Yemen, dismantled, during the first week of October 2022, a total of 739 mines planted by the Houthi militia across Yemen, including four anti-personnel mines, 233 anti-tank mines, 476 unexploded ordnance and 26 explosive devices.

Since the beginning of the project, as many as 361,312 mines have been dismantled.

The Kingdom of Saudi Arabia, represented by KSrelief, seeks through the project to clear Yemeni lands of the mines that were randomly planted by the Houthi militia causing death and injury of innocent children, women, and the elderly.

Source: Saudi Press Agency

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Dammam to Host International Handball Federation’s Super Globe 2022

Dammam, The Kingdom of Saudi Arabia, between October 18 and 23, 2022, is scheduled to host International Handball Federation’s (IHF) Super Globe 2022 for the third consecutive time in Dammam under the organization of the Ministry of Sports and in coordination with the Saudi Arabian Handball Federation, as part of the Quality of Life Program, where this tournament is considered the biggest in terms of participating teams amounting to 12 clubs since the launch of the tournament in 1997.

On the occasion, Prince Abdulaziz bin Turki Al-Faisal, Minister of Sport and President of the Saudi Olympic and Paralympic Committee, said: “We are happy again to host the biggest tournaments at the level of clubs of the handball with the participation of continental champions for the third consecutive time, which is an extension of tournaments and events that the Kingdom of Saudi Arabia hosts with direct support from our wise leadership and keenness and follow-up of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, to reach the targets of Saudi Vision 2030.”

The tournament, to be hosted at the ministry’s hall in Dammam, will see the participation of 12 teams representing the seven continents of the world, the first of which will be the representatives of the Kingdom Mudar and Khalij teams, along with Barcelona as European champions and most decorated team with five times, German team Magdeburg that is the defending champion, Kuwait: Champion of the Asian continent, Egypt’s Al-Ahli team that is the champions of Africa, Brazilian Taubaté that is champion of South and Central America, Ministrus that is champion of the North American and Caribbean Champion”, Sydney University of Australia that is Oceania’s champions, Poland’s Kielce that is IHF’s candidate No. 1, Portuguese Benfica that is IHF’s candidate No. 2 and Tunisia’s Tarajji, Arab champions.

Source: Saudi Press Agency

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Custodian of the Two Holy Mosques, HRH Crown Prince Receive Two Written Messages from President of the Republic of Korea

Riyadh, The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, received today two written messages from President Yoon Suk-yeol of the Republic of Korea, regarding the solid and strong bilateral relations that bind the two friendly countries and peoples and ways to support and strengthen them in various fields.

The two messages were received by Vice Foreign Minister Eng. Waleed bin Abdulkarim Al-Khuraiji, when he received at the Ministry’s headquarters today, Deputy Foreign Minister for Political Affairs of the Republic of Korea Choi Young Sam.

During the meeting, they reviewed bilateral relations between the two friendly countries, and ways of enhancing them in various fields. They also discussed a number of issues of common interest.

The meeting was attended by Dr. Saud Al-Sati, Undersecretary of the Foreign Ministry for Political Affairs, and Ambassador of the Republic of Korea to the Kingdom of Saudi Arabia Park Joon-yong.

Source: Saudi Press Agency

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Shura Council Delegation Participates in 145th IPU Assembly in Rwanda

Kigali, A delegation of the Shura Council, headed by Assistant Speaker of Shura Council Dr. Hanan bint Abdulraheem Al-Ahmadi, is scheduled to participate in the 145th Assembly of the Inter-Parliamentary Union (IPU), which will be held in Kigali, Rwanda.

Al-Ahmadi stressed the importance of the participation of the Shura Council in these international parliamentary events and effective activities during them as part of the parliamentary diplomacy activity that the council practices to enhance the role of the Kingdom of Saudi Arabia, under the leadership of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, in enhancing efforts and supporting the international legitimacy principles in cooperation with brotherly and friendly countries and partners around the world in facing global crises and maintaining international security, peace and stability.

She also referred to the big role of women in the Shura Council at the legislative, oversight and parliamentary diplomacy levels, noting that this parliamentary event is considered an opportunity to share the world with what the Kingdom of Saudi Arabia has achieved of great results in the women’s empowerment field, especially that women are a main and effective pillar in realizing the Saudi Vision 2030 that is led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister.

The assistant speaker concluded her remarks by saying that the international parliamentary meetings provide a precious opportunity to enhance dialogue and cooperation among legislative councils and activate parliamentary efforts to support government in enacting regulations and laws that can contribute to finding successful solutions due to what the world today is witnessing of circumstances and crises at all levels.

The delegation includes Secretary General of the Shura Council Mohammed Al-Muteiri, and council members Ibrahim Al-Mifleh, Huda Al-Huleisi, Major General Abdulrahman Al-Harbi and Raeda Abu Nian, in addition to several officials.

Source: Saudi Press Agency