Bybit Powers Art in the Metaverse with Art Dubai 2022’s Inaugural Digital Section

DUBAI, United Arab Emirates – Media OutReach – 13 March 2022 – Bybit, the world’s fastest growing cryptocurrency exchange, is pleased to support the digital art chapter of Art Dubai 2022 at Madinat Jumeirah, Dubai. After a three-year break, the global platform for artistic expressions from the Middle East and Global South goes beyond the realms of physical art to empower creatives in the digital dimension in its 15th edition, its most ambitious and extensive to date.b1

Bybit is delighted to welcome Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum into the Bybit universe for our inaugural participation as Lead Partner of Art Dubai 2022 on March 9, 2022

Bybit is the Lead Partner of Art Dubai Digital, a new section of the iconic art fair to bridge between the rapidly-developing crypto-sphere and the international art market.

Bybit and Art Dubai meet at the intersection of digital art forms and human creativity amidst the paradigm shift of our times. Artists and creatives are no strangers to digital innovations and the blurring of boundaries between visions and realities, with roots in digital artistry going back to the 1980s. The global pandemic has accelerated the building of new worlds and the coming together of new artistic communities in the digital space.

The new Art Dubai Digital section brings to life art forms transcending conventional constraints. Showcasing 17 presentations from both traditional galleries and digitally native ones, the digital section gives a voice to emerging artists and market participants, many of whom are first-timers at an international art fair.

Art lovers looking to experience the art or support an artist can join the fair through the Bybit NFT Marketplace, now offering 15 artworks from the participating galleries of Art Dubai.

Art Dubai 2022 also presents Bybit Talks, a new addition to facilitate dialogues between the crypto space and the art world to make crypto, web3 digital practices and NFTs concepts and opportunities more accessible to the public.

Bybit’s presence at Art Dubai 2022 includes a limited run of NFTs at the booth featuring artists and art collectives MIRL (Made in Real Life), Song Ting, Viia Yeon, Maruchef, Hyuck, S.R Innovation Lab, Oscar Oiwa, Yeo Huang Joo, Saule Dyussenbina, Ziyang Wu, Yasuo Nomura, Kevin Heisner and SIM_Moby.

The timely drive for digital art highlights the zeitgeist of a post-pandemic world of mixed realities. The Bybit NFT Marketplace provides an integrated one-stop destination for artists, creators and collectors, to create, and sell or trade on the Ethereum ERC-721 standard through their spot accounts — providing the tools of digital ownership to collectors of all knowledge and skill levels.

“Art Dubai’s admirable work in elevating talent to the global stage, particularly with artists from underrepresented regions, echoes Bybit’s endeavor to democratize next level trading for the broader public. NFTs are one of the new tools to reinvent and rewire the art market, and a new generation of artists and art patrons are drawn to a new parallel world that rewards authenticity and the imaginative minds,” said Igneus Terrenus, Head of Communications at Bybit.

“There are two important legs in the projects. We have galleries from the physical world and galleries that only exist in the metaverse. And to complement these and help understand what they’re going to be showcasing, we have one of the most exciting educational programs today, among them is Bybit Talks by Bybit, the sponsor of the digital section, and the Global Art Forum,” said Pablo del Val, Artistic Director of Art Dubai at the opening address.

“In the last two years, the 3D world lost approximately half a dimension. At the same time, new multiple dimensions have been discovered online. We are now extensions of our devices and this changes everything. It’s the kind of paradigm shift that civilization sees every few 100 years. We’ve been going through these changes arguably for the last 30 years and now in a more and more accelerated manner, evidenced in the mainstreaming of crypto, blockchain technologies and NFTs over just the last year. In the two and a half dimension, digital artifacts and crypto economies are as real or unreal as anything else. And there’s such rapid growth in digital platforms, it’s often difficult to keep track even for seasoned insiders. So the Bybit talks will explore the unknown past and the possible futures of NFT, how our ideas and experiences of media buy change with decentralized institutions, and what kind of values beyond merely the monetary is at stake with these new technologies,” remarked Shumon Basar, Commissioner, Global Art Forum.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is the proud partner of Formula One racing team Oracle Red Bull Racing, esports teams like NAVI, Alliance, Astralis, and Virtus.pro; German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.

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About Art Dubai

Founded in 2007, Art Dubai is the premier platform to see and buy modern and contemporary art from the Global South. Featuring Contemporary, Modern and Digital gallery sections, annual artist commissions and year-round collector and education programmes, Art Dubai champions art and artists from across the Global South, providing a relevant and increasingly important alternative to mainstream, largely Western-led narratives.

Art Dubai is held in partnership with A.R.M. Holding. The fair is sponsored by leading Swiss wealth management group, Julius Baer. The Dubai Culture & Arts Authority (Dubai Culture) is the fair’s strategic partner. Bybit is the lead partner of Art Dubai Digital.

Contact:

press@bybit.com

DEWA completes construction of 1st stage of world’s largest aquifer storage and recovery project

DUBAI, Dubai Electricity and Water Authority (DEWA) has completed the construction of the first stage of the Aquifer Storage and Recovery (ASR) project for desalinated water and has started the operations and testing stage.

The full scale of the ASR project can store up to 6,000 million imperial gallons of water once completed by 2025 as a strategic reserve. This makes it the largest ASR of its kind in the world to store potable water and retrieve it in case of an emergency. This will secure the Emirate with an additional source of potable water strategic reserve of 50MIGD for 90 days in emergencies, while ensuring the quality of the stored water.

Saeed Mohammed Al Tayer, MD & CEO of DEWA, said that the new project supports DEWA’s efforts to increase the storage capacity of Dubai to reach 7212 MIG in 2025 when compared to the present storage capacity of 822 MIG.

“We support the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to provide a state-of-the-art, integrated, and resilient infrastructure of electricity and water in Dubai according to the highest standards of availability, reliability, efficiency and safety. This helps to ensure meeting the rapidly growing demand for water across different areas in Dubai for all citizens, residents and visitors. Besides the ASR project, DEWA is working on a 120 MIG reservoir in Al Nakhali and another 60 MIG reservoir in Al Lusaily,” added Al Tayer.

The ASR project increases the sustainable production of water in Dubai. It uses clean solar power to desalinate seawater using the latest Reverse Osmosis (RO) technologies. Excess water is stored in aquifers and pumped back into the water network when needed. The cost of this innovative integrated model is less than the cost of traditional reservoirs, and is a sustainable, eco-friendly, economical solution. It also emphasises Dubai’s ability to anticipate and shape the future.

The production capacity of desalinated water of DEWA is currently 490 MIGD, including 63MIGD using Sea Water Reverse Osmosis (SWRO) technology. By 2030, SWRO will help expand its production capacity to 303 MIGD, increasing it to 730 MIGD of desalinated water by 2030.

Source: Emirates News Agency

Global brands launch yachts at Dubai International Boat Show 2022

DUBAI, Three luxury yachts debuted this weekend at Dubai Harbour as part of the ongoing Dubai International Boat Show 2022 as the world’s leading brands and exhibitors raced to present their nautical handiwork to this year’s crowds at the Middle East’s largest and most-popular leisure marine event.

The 28th edition of the five-day event, which finishes on Sunday, saw De Antonio Yachts, a Barcelona-based boat manufacturer, and EVO Yachts, a brand from Blu Emme Yachts, reveal their latest vessels to the public for the first time at Dubai Harbour, the Middle East’s largest marina.

EVO Yachts, following the recent partnership announcement with regional dealer EVO Yachts Dubai, debuted its EVO R4 unit with unique interiors over the weekend. ‘Like something from a Transformers movie’, the Evo R4 is the newest version of the extensible yacht Evo 43, a fast 13m day-cruiser with sleek, sculpted contours and two Volvo IPS 650 engines.

Speaking from the show, Marcus Giltay, Managing Director, EVO Yachts Dubai, said, “The quality of visitors to our stand has been excellent and as of now we already have three to four potential buyers, which is fantastic. Dubai is the perfect platform to launch our boats as the clientele here love technology and gadgets, but also super high quality, which describes our vessels to a tee.”

Since its launch, EVO 43’s revolutionary ‘XTension’ bulwarks have sparked wide attention, opening hydraulically in less than 30 seconds to increase usable deck space by 40% and turn the cockpit into a 25sqm terrace.

Meanwhile, De Antonio Yachts launched its D50 Open, a 50ft yacht with two, three, or four hidden outboard engines and built on the award-winning D46 Open hull. With a top speed of 50 knots and a maximum power of 1800hp, the exclusive yacht provides what De Antonio Yachts claims to be unrivalled navigation efficiency.

The yacht can be ordered with two or three rooms, one of which can be converted into a skipper cabin and has a customisable interior layout. Similarly, the interior can include two or three bathrooms, making it a great match for each owner’s needs. A 2.5-metre saltwater jacuzzi in the bow will be the envy of all.

Elsewhere, De Antonio Yachts’ D46 Cruiser, another nautical marvel, was also launched this weekend and is aimed at the most sophisticated and demanding shipowners. The D46 Cruiser is a motorboat with a spacious deck, large aft sundecks, and a large central lounge area, all of which are sheltered by a sleek retractable roof cabin that comfortably seats up to 12 people.

The yacht has a spacious interior with one, two, or three cabins and is fuelled by powerful hidden outboard engine configurations that deliver unrivalled performance with minimal maintenance.

“The Dubai International Boat Show attracts the perfect clientele for our target market,” said Ali Batterjee, Marine Division Manager at Samaco Marine & Power Sports – regional distributor for De Antonio Yachts. “We are consecutively launching the brand in three markets, Australia, United Arab Emirates, and Kuwait, so being here at the central point of the three is fantastic.”

Dubai International Boat Show 2022 took place from 9th-13th March at Dubai Harbour.

Source: Emirates News Agency

UAEU to organise international conference on water resources management and sustainability

DUBAI, Under the patronage of Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, and David Spears, Minister of Environment and Water of South ?Australia, the United Arab Emirates University (UAEU) ?is organising the “Water Resources Management ?and Sustainability: Solutions in Dry Areas” ?conference from 22nd-24th March 2022 in ?cooperation with Australia Pavilion at Expo 2020 ?Dubai.

The conference is co-organised by the ?UAEU National Water and Energy Centre in ?collaboration with the South Australian Institute ?for Water Research.? Prof. Ahmed Ali Murad, Associate Provost for ?Research and Conference Chairman, stressed that ?the conference comes in line with the university’s ?vision to support development and priority of ?UAE, and in accordance with country’s agenda for ?advanced sciences 2031 and its water ?security strategy 2036.

He explained that there ?are several factors including, among others, ?population growth, urbanisation and climate ?change that contribute to the scarcity of fresh ?water resources in arid and semi-arid regions. The ?water shortage problem constitutes a major ?constraint to sustainable development, and poses ?significant challenges to the use and management ?of water resources.

“This conference aims to ?discuss global water issues and address future ?challenges in line with the theme of Expo 2020 ?Dubai – Connecting Minds, Creating the Future. ?This vision also adopts the theme of World ?Water Day this year,” he noted.

He added, this conference ?represents an important platform for exchanging ?and presenting new visions and introducing ?innovative techniques and unconventional ?practices that would improve the future of water ?management and sustainability in arid and semi-?arid regions around the world. The conference ?will help to discover appropriate solutions for ?the future challenges in the field of water resource ?management and sustainability.? Dr. Mohsen Sharif, Director of the National ?Water and Energy Centre, explained that the ?conference programme expands for four days, ?including 6 interactive workshops to be delivered ?by international experts, on several topics such ?as: applications of modern water technologies, ?geographic information systems, remote sensing ?and artificial intelligence, climate change impacts, ?water sustainability and others.

In addition to ??132 keynote and oral presentations, 32 poster ?presentations will be made on water harvesting, ?groundwater recharge, desalination technologies, ?wastewater treatment and reuse, and climate ?change. In collaboration with the Ministry of ?Energy and Infrastructure, a field visit to the ?Rafisah Dam in Khor Fakkan ?will be organised.?

Source: Emirates News Agency

Zimbabwe’s potential US$1bn media industry eyes Abu Dhabi’s Global Media Congress for opportunities: Minister

ABU DHABI, Zimbabwe is planning to build a US$1 billion media industry and looking forward to the Global Media Congress to be held in Abu Dhabi in November to find new ideas, partners and collaborators from across the globe, a senior official told the Emirates News Agency (WAM).

“Zimbabwe’s ‘Vision 2030’ envisages uplifting the country’s 15 million people into a middle and upper middle-income population by 2030. This will be a gamechanger and the plans to build a $US1 billion media industry will contribute to realise that vision,” said Monica Mutsvangwa, Zimbabwe’s Minister of Information, Publicity and Broadcasting.

In an exclusive interview with WAM during her official visit to Dubai, she said the media sector in Zimbabwe is looking forward to collaboration with media organisations across the globe, especially in the UAE and the Arabian Gulf, in digital content creation, website hosting and film production.

“There are also many other opportunities, especially in TV and radio. I think the Global Media Congress in Abu Dhabi will be a golden opportunity for us to present the potential of Zimbabwe’s media sector and seek partners and investors to join our efforts for further growth,” Mutsvangwa stressed.

Global Media Congress

The minister was referring to the first edition of the Global Media Congress, to be held in Abu Dhabi from 15th to 17th November 2022 and organised by the Abu Dhabi National Exhibitions Company (ADNEC) in a strategic partnership with the Emirates News Agency (WAM).

Held under the patronage of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the event will include a media conference and exhibition, which will enable various media organisations to discuss partnership and cooperation agreements.

Prominent media leaders and global influencers, in addition to academics and students, will attend the Congress, which will discuss several key topics such as digital communication, artificial intelligence, advanced technologies and innovation in the media sector. It will host specialist sessions covering journalism, radio, television, internet, social media and international influencers.

The event will serve as a platform for international companies interested in engaging in media markets in the Gulf region, the Middle East and North Africa, according to the organisers.

Radio, TV and media digitalisation

The minister said Zimbabwe is very keen to participate in the Congress to present US$1 billion worth opportunities in its media sector. There was only one TV channel and six radio stations for the past 40 years in Zimbabwe. However, the present government has licensed seven commercial TV channels and more than 38 radio stations. “Still there is a lot of potential,” she pointed out.

Zimbabwe started a digitalisation project in media sector in 2015, but unfortunately, due to lack of financing, it was not completed, Mutsvangwa revealed.

“We would like to complete it. We are still growing. This is an industry which is still almost in its infancy. It can grow many times. So, there are lots of opportunities in digitalisation. We would like to get investors who can come on board to get licences or work together with local companies to make sure that our media sector grows further,” she explained.

Zimbabwe’s media sector is also looking for training opportunities, modern studios and the latest equipment for broadcasting and film production, and digitalising the existing analogue television channels, the minister said.

Media event, National Day at Expo 2020 Dubai

Major Zimbabwean media organisations presented such opportunities at a media event organised by Zimbabwe on Friday at the Expo 2020 Dubai, Mutsvangwa said.

“Media has benefited a lot from this Expo 2020. So, we are excited about Expo. Hence our media came here. Some of the biggest media partners in our country participated in the media event.”

Zimbabwe will celebrate its National Day at its Pavilion at the Expo on Monday in the presence of Zimbabwean President Emmerson Dambudzo Mnangagwa.

The president and senior officials in his official delegation will also address a business forum in Dubai on Monday, which will be “another opportunity for Zimbabwean businesspersons to meet with their UAE counterparts and others from the 190 countries participating at this very special Expo,” the minister said.

“The UAE is our very good partner, as a gateway to the middle Eastern, Asian and European markets.”

Zimbabwe seeks investments and partnerships in farming, mining, pharmaceuticals, energy sectors. “There are many win-win opportunities between both countries,” Mutsvangwa said.

Source: Emirates

New report of Department of Economy and Tourism shows impact of Dubai Fitness Challenge on societal well-being

DUBAI, New data from Dubai’s Department of Economy and Tourism (DET) of the 2021 edition of the Dubai Fitness Challenge (DFC) shows how the initiative has positively contributed to societal well-being over the last five years.

Since its inception in 2017, Dubai Fitness Challenge (DFC), the initiative launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, has played a crucial role in encouraging a more active lifestyle and positioning Dubai as one of the best cities in the world to live in, work and visit.

This growing reputation was recently validated by a new study from United Kingdom (UK)-based Lenstore, which cited Dubai as one of the world’s top cities in its Healthy Lifestyle Cities Report 2022. The report evaluated 48 cities to determine which were the best for healthy living, based on ten metrics which included outdoor activities and cost of a monthly gymnasium membership – both significant areas of focus for the DFC.

Established in 2017, the DFC has grown year on year, and has seen the number of participants more than double from 786,000 in its inaugural year to 1,650,000 people in 2021, which represents nearly half of the population of Dubai. Major events such as Dubai Run and Dubai Ride, which began in 2019 and 2020 respectively, saw record numbers in 2021 with 146,000 runners and 33,000 cyclists taking to Sheikh Zayed Road.

The 2021 edition saw an increase in the number of people completing their 30×30 target, with 88 percent of participants committing to a minimum of 30 minutes of daily exercise for 30 days – up from 85 percent in 2020. Many also went beyond, with 36 percent dedicating more than 60 minutes to their health and fitness and 12 percent spending more than 90 minutes exercising each day.

Female participation in the Challenge remained strong in the 5th edition, with women making up two in five (41 percent) of overall participants’ numbers, and while the DFC attracted all age groups, the report revealed that participation levels peaked at ages 18 to 39.

Research amongst participants showed the significant impact of physical activity on mental wellbeing, with 28 percent reporting an improvement in self-esteem and one in four (25 percent) stating that taking part in the DFC enhanced their mental well-being. The Challenge also benefited participants by reducing anxiety (24 percent) and encouraging higher levels of relaxation (22 percent).

There has been an emergence of more free outdoor spaces to work out, hundreds of kilometres of running and cycling tracks and the introduction of many sporting events. The fitness community has also benefitted from their presence at the DFC Fitness Villages and fitness events.

Commenting on the report, Ahmed Al Khaja, CEO of the Dubai Festivals and Retail Establishment (DFRE), said, “The vision of His Highness has always been to make Dubai one of the most active cities in the world and instil healthy habits in our community. Today, we are proud to share that the number of DFC participants in 2021 represented almost half of Dubai’s population – an increase of 110 percent since the Challenge began five years ago. This incredible achievement demonstrates the community’s commitment to a more active lifestyle, with almost nine out of 10 participants achieving their 30×30 goals and reaping the benefits of the Challenge for both their physical and mental well-being.

The participants’ overall satisfaction was extremely high for the 5th edition with 93 percent extremely happy with their experience – up from 78 percent in 2020. The diversity of activities (88 percent) and access to information about the events (88 percent) resonated most strongly with participants, whilst energetic ambience (87 percent) and easy accessibility to fitness activities and classes (82 percent) also contributed to their satisfaction with the Challenge in 2021.

The initiative was heavily supported by several partners from the government and private sector who helped strengthen the spirit of the community.

The 6th edition of DFC will return from 29th October to 27th November 2022

Source: Emirates News Agency