A digest of news and opinion from the Maldives.
Exported goods in November 2017, showed 99% increase compared to that of 2016. According to the reports published by Maldives Customs Service, in November 2016 MVR 193 million worth of goods were exported while in November 2017 MVR 386 million worth of goods were exported. Fish produce made up the majority of exported goods and […]
Ongoing construction of Dharumavantha Hospital, the new 25-storey state hospital being developed in Male. Maldives Monetary Authority (MMA) revealed that US Dollar reserves dropped in the third quarter of this year after the central bank settled payments for the development of the new state hospital in capital Male. According to the central’s bank economic bulletin […]
Hong Kong [China], Dec 19 : President Abdulla Yameen’s rush to sign a Free Trade Agreement (FTA) with China during his recent visit to Beijing without following constitutional/legal norms has generated considerable anti-China sentiment in the Maldives. The lopsided nature of the FTA, loaded as it is heavily in favour of the Chinese, would adversely […]
Island country spending heavily on infrastructure development in quest to look beyond tourism, minister says DUBAI: Apart from the serene beaches and blue lagoons, Maldives is sending a message to the world: It’s open for business. Through presenting its multi-million projects to further develop the infrastructure, mainly the international airport, the South Asian Island country […]
Ooredoo Maldives has launched AppNGame Packs providing data for general browsing and a certain amount dedicated for specific applications. The Ooredoo AppNGame packs include ringfenced data allowances for Snapchat, Sound Cloud, Clash of Clans and IMO. The 1.5 GB pack costs MVR 159 and includes 711 MB dedicated to apps, with 50 on-net minutes; 4GB […]
The fourth annual Maldives Investment Forum was inaugurated Monday morning by Vice President Abdulla Jihad and UAE Economic Minister Sultan bin Saeed Al-Mansoori. “The Maldives is open for business,” Jihad announced in his remarks at the opening ceremony. “Your investments will be secure and the return on investment is great and relatively high. The government of […]
Maldives was named as one of the countries with the fastest development of Islamic Finances. According to ICD-Thomson Reuters Islamic Finance and Development Report 2017, Maldives is among one of the three countries where Islamic Banking developed at the fastest rate. The other two countries on the list are Oman and Palestine. Maldives was also […]
The original Dhivehi article was published on Mihaaru.com website on 18th December 2017. The following is a loose translation: How many people would remember the price a Maldives resort bed was sold 40 years ago in the peak season? People of today will certainly be shocked by that price. However, if you consider that period, […]
Bain Capital is buying the world’s largest seaplane fleet operator Trans Maldivian Airways from Blackstone for around $550 million to cash in on booming high-end leisure travellers flocking to the Indian Ocean archipelago, known for its pristine blue lagoons, white beaches, ring-shaped atolls and extensive reefs, said people aware of the development. The two sides […]