A digest of news and opinion from the Maldives.
The Maldives’ foreign currency reserve declined during the third quarter of 2017 due to loan repayments and expenditure related to the development of a new hospital in Malé. Usable reserves amounted to US$191 million during the quarter, enough for about a month of imports, according to a quarterly economic bulletin released by the Maldives Monetary […]
Jumhooree Party leader Gasim Ibrahim has sought to reassure coalition partners that former home minister Umar Naseer joining the party would not cause divisions within the opposition alliance. “Relations in the coalition that the JP joined to bring the Maldives to the path of reform will not be affected because a particular individual joined JP […]
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 […]
Reiterating the commitment attached by this administration to ensure the security and success of foreign investments, Vice President Abdulla Jihad has welcomed foreign investors to make their bid in the Maldives. He made this statement following the inauguration of the 4th Maldives Investment Forum held in Dubai this morning. The 2017 Maldives Investment Forum (MIF […]
بســم اللّـه الرّحمـن الرّحيــم اَلحَمْـدُ لِلّـهِ رَبّ العَـالَمِـين، وَالصّـلاة وَالسّلام علـى محـمَّدٍ وَعلـى آلـه وَصَحْبِـهِ أجمـعـين H.E. Sultan Bin Saeed Al Mansoori, Minister of Economy of UAE, Hon H.E. Mohamed Saeed, Minster of Economic Development of the Maldives, H.E. Ambassador Dr. Hussain Niyaz, the Maldives Ambassador to UAE, H.E. Mr. Majid Al Shamsi, Vice Chairman, […]
Foreign Minister Dr Mohamed Asim has hailed the strength of India-Maldives diplomatic ties, seeking to counter suggestions that the relationship is under strain due to growing Chinese influence. Relations with #India is time-tested and is based on people to people contact &cooperation in several sectors. We remain committed to further enhancing and strengthening existing ties […]
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 […]
The opposition has sought a court order to lift the suspension of three Gaaf Alif atoll councillors censured for meeting the Indian ambassador to the Maldives without approval from the government. The main opposition Maldivian Democratic Party, together with the three council members, filed the case at the civil court on Sunday, according to local media. […]