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Press Releases

Bybit’s World Series of Trading (WSOT) Soars to New Heights with Over 100,000 Users Signing Up

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 17 August 2023 – Bybit, the world’s third most visited crypto exchange, is thrilled to announce the successful start of its annual trading competition, the World Series of Trading (WSOT).

The WSOT so far has shattered all expectations by attracting over 100,000 enthusiastic participants, marking a remarkable year-on-year growth of 46.5%. This surge in interest underscores Bybit’s commitment to fostering a vibrant and engaging trading community.

Over 857 squads are now competing head-to-head, showcasing their trading prowess in an intense battle for the highest team Profit and Loss (PNL). This year’s squad participation has nearly doubled, boasting an incredible YoY growth of 85.5%.

The grandeur of the WSOT is further amplified by its staggering $8 million prize pool that has yet to be claimed so there’s plenty of time to still enter and get involved ahead of the grand finale where Bybit will give away a Lamborghini and Rolex on a live stream, scheduled for Aug. 24.

“We’re absolutely stoked about the success of this year’s WSOT so far,” said Ben Zhou, co-founder and CEO of Bybit. “The incredible increase in new and experienced traders joining in speaks volumes about our users’ dedication and the buzz surrounding the event. It’s a real source of pride for us to offer a platform that not only gives traders an edge but also creates a space where they can collaborate, learn, and trade with a global community.”

As the WSOT continues to capture the imagination of traders and crypto enthusiasts, Bybit remains steadfast in its mission to elevate the crypto-trading experience, fostering a thriving ecosystem of innovation, camaraderie, and skill.

#Bybit / #TheCryptoArk

About Bybit
Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 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.
For more information please visit: https://www.bybit.com
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For media inquiries, please contact: press@bybit.com
Categories
General

Society for Austro-Arab Relations: US forces presence in Syria is violation of international law

Society for Austro-Arab Relations affirmed that the US forces presence in northeastern Syria is a complete violation of international law, noting that this presence aims at supporting terrorists and stealing oil resources.

“US forces occupy large parts of northeastern Syria and de facto allow the activities of terrorist organizations, whose attacks have recently increased, but are being ignored”, the Society’s Secretary General, Fritz Edlinger said in a monthly political bulletin.

Edlinger noted that the American oil companies, under the protection of the US forces, steal Syrian oil and take it out of the country. After more than 11 years of war and terrorism and the displacement of millions of people, it is time to learn lessons from this completely failed policy, but it seems that this does not concern the West.

Source: Syrian Arab News Agency

Categories
General

Syria, INTERSOS discuss ways to boost joint cooperation

Minister of Social Affairs and Labor, Louai al-Munajjid discussed with the Chief of mission of the INTERSOS Italian organization ways of boosting joint cooperation in the fields of vocational training and psychological support.

Al-Munajjid stressed the need to strengthen the partnership to include various sectors through technical meetings between the two sides, develop ways of cooperation, and identify target areas as needed.

The necessity of conducting joint tours to measure the impact of the implemented programs and submitting periodic reports on them, were affirmed by al-Munajjid.

He noted to the possibility of benefiting from the rural development centers affiliated with the Ministry.

Head of the mission pointed out to the need for expanding the base of partnership with the ministry, in a way that will benefit the target regions and segments.

INTERSOS, established in 1992, is a humanitarian organization on the front-line of emergencies, bringing assistance to victims of armed conflicts, natural disasters and extreme exclusion with particular attention to the protection of the most vulnerable people. It provides first aid, food, shelter, medical assistance and basic goods, and ensures that basic needs, as education, access to clean water and health assistance, are met.

Source: Syrian Arab News Agency

Categories
General

Public administration is a means to lead institutions, Arnous says

In the presence of the Prime Minister, Eng. Hussein Arnous, the Ministry of Administrative Development inaugurated on Thursday the dialogue training program for senior management leadership, with the participation of 42 deputy ministers.

In a speech during the inauguration ceremony, Arnous stressed that human capital constitutes the essence of state institutions and a developmental and dynamic capital. States and institutions no longer compete with material and financial resources only, but with the creativity of human capital and manpower energies that have become more present in the balances of strength and weakness.

Arnous noted that the training program today affirms the insistence on continuing construction, continuing learning along with the consistent need for expertise, eligibility and knowledge, as it is a clear expression that the quantity must be accompanied by quality.

The Prime Minister pointed out that public administration is not an end in itself, but rather means to lead institutions, and to provide products and services to citizens with the best possible performance indicators.

In turn, Minister of Administrative Development, Salam Safaf, noted that the program aims to exchange information and experiences through dialogue on setting sectoral policies and their operational programs, responding to challenges and addressing the problems that the government apparatus suffers from, thus it becomes more effective and productive in exercising its multiple functions in all sectors.

Safaf underlined that the best way to positively influence organizations is to focus on developing leadership, attracting and elevating skilled people as leaders and developing them constantly.

Source: Syrian Arab News Agency

Categories
Government

Deputy Director of MoFA’s Dubai Office receives credentials of Consul General of the State of Palestine

Mr. Rashid Abdulla Al Qaseer, Deputy Director of MoFA’s Dubai Office met with H.E. Mohammad Assad, Consul General of the State of Palestine in Dubai and received his credentials.

Al Qaseer welcomed the Consul General and hailed the political, economic, commercial and investment relations that bind the two friendly countries, wishing him success in his duties.

Source: Ministry of Foreign Affairs and International Cooperation

Categories
Market

Asian Shares Fall

Asian shares fell on Thursday, according to Reuters News Agency.

MSCI’s broadest index of Asia-Pacific shares outside Japan slid to 495.03.

China’s blue-chip CSI 300 Index was flat, while Hong Kong’s Hang Seng Index was 0.12% lower.

The Japanese yen was at 146.40 per dollar.

Oil prices dropped and U.S. crude fell 0.21% to $79.21 per barrel and Brent was at $83.37, down 0.1%.

Source: Saudi Press Agency

Categories
General

15th International Honey Festival Concludes in Al-Baha Region

The 15th International Honey Festival concluded yesterday in Al-Baha region. One hundred and twenty beekeepers from Saudi Arabia and abroad have displayed various bee products and over 30 types of honey.

The Director-General of the Ministry of Environment, Water and Agriculture’s branch in Al-Baha region Fahd Al-Zahrani said that the activities of the 15th International Honey Festival also included holding the 16th International Conference of the Asian Apicultural Association from August 7 to 9, in which 40 countries presented technical papers on beekeeping and all aspects of the bee industry.

Source: Saudi Press Agency

Categories
Athletic

LALIGA Announces Visit Saudi as New Official Travel Destination and Global Sponsor

LALIGA, Spain’s world-renowned professional football league, and Visit Saudi have entered a partnership agreement with the aim of showcasing Saudi Arabia as the most exciting, year-round destination, where the passion for football intertwines with bridging connections among diverse cultures, ultimately bringing communities together.

This collaboration will amplify Visit Saudi’s work highlighting Saudi Arabia as the world’s fastest-growing destination, its rich and captivating cultural heritage, its diverse landscapes, and its role as a pivotal hub for unprecedented sporting and cultural interactions in today’s football landscape.

Today’s partnership agreement demonstrates the strong historical connection between LALIGA and Saudi Arabia; for over 15 years, LALIGA games have been followed by millions of football fans across the Kingdom, Saudi football players have played in Spain as well as Spanish players in Saudi league, and Saudi now has more than six official fan clubs for LALIGA teams.

LALIGA Ambassador Iker Casillas said: “The great development of sport and sporting events in Saudi Arabia represents a real boost to the attractiveness of the destination, adding to its cultural interest and amazing landscapes. We are sure that this new partnership will be a success in connecting and attracting both football and sports fans in general, as well as new followers.”

Saudi Arabia has embraced the sport, elevating football to its pinnacle as the most played and followed activity across the nation, and the level of participation in the under 30s continues to increase.

LALIGA is one of the most followed leagues in Saudi Arabia and this collaboration between LALIGA and Visit Saudi will further strengthen this connection and inspire the next generation of Saudi footballers to play for LALIGA teams in the future. With its global reach, LALIGA provides an exceptional platform, which holds great value for the country.

“Signing this agreement demonstrates our strong commitment to advancing sports and football science in the Arab world, as well as expanding our presence, and that of our clubs, in a relevant global sports hub,” LALIGA Executive Director Oscar Mayo said, adding: “I am convinced that this remarkable partnership will truly touch fans’ emotions and empower them to feel the unifying power of football. Football and travel complement each other perfectly, serving as a means to connect and unite cultures all over the world.”

Saudi Tourism Authority CEO Fahd Hamidaddin said: “Football and travel bridge cultures and unite people. Saudi Arabia has millions of incredibly passionate football fans and as we continue to create a dynamic year-round destination, full of cultural events, we look forward to welcoming international travellers to experience the largest sporting and cultural exchange in sporting history, helping us in bringing the world to Saudi and bringing Saudi to the world.”

The partnership will push the boundaries of brand activation through a wide range of activities, including a high-profile launch event, followed by many other activities that will be held in the Kingdom, with the aim of bringing LALIGA closer to Saudi Arabia. In this strategic collaboration, LALIGA and Visit Saudi will jointly showcase Saudi Arabia’s exceptional tourism offerings, captivating a diverse audience of local, regional and global visitors.

This exciting venture will be developed through innovative partnerships, insightful collaborations, impactful sponsorship arrangements, premium digital content, and immersive consumer events designed to maximize audience engagement.

With the expertise of LALIGA, this collaboration aims to ignite a renewed interest in football-driven tourism, enriching the appeal of unmatched travel experiences and fostering a vibrant connection between sports enthusiasts, and both tourism and cultural destinations.

Source: Saudi Press Agency

Categories
Market

Saudi Arabia Signs Investment Agreements with China worth $1.3 Billion

Saudi Arabia signed investment agreements with China on the sidelines of the Saudi-Chinese Business Forum held in Beijing Wednesday.

The forum focused on exploring investment opportunities between Saudi Arabia and China, with a special emphasis on strengthening partnerships in urban infrastructure, housing, real estate development, and financing.

Saudi Press Agency (SPA) said that 12 cooperation agreements were signed between Saudi and Chinese companies and banks. These agreements, with a total investment value exceeding SAR 5 billion ($1.3 Billion), covered various fields including infrastructure development and financing, and specifically included five agreements related to housing projects.

Source: Qatar News Agency

Categories
Market

Muscat Stock Closes Higher on Thursday

Muscat Stock Exchange (MSX) index “30” closed on Thursday at 4,785.26 points, up by 18.9 points, or by 0.40 percent, compared to the last trading session, which closed at 4,766.39 points.

The trading value amounted to OMR 3,822,404 up by 12.4 percent compared to the last trading session, which amounted to OMR 3,399,541.

The market value increased by 0.037 percent compared to the last trading day, and approximately reached OMR 23.96 billion, according to a report issued by MSX.

Source: Qatar News Agency