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A digest of news and opinion from the Maldives.

Abu Dhabi Fund

breakwater being done - new terminal area of VIA

New terminal work progressing at snail speed

4 min read

The original Dhivehi article was published on Avas.mv website on 10th January 2018. The following is a loose translation: There are many developmental works currently ongoing at Velana International Airport (VIA). There is no doubt about that. You would see new changes happening in every direction at the main airport. Especially, at the high-speed runway […]

Abu Dhabi Fund approves loan for Maldives airport expansion

Abu Dhabi Fund approves loan for Maldives airport expansion

3 min read

A loan agreement to finance the expansion of the Maldives’ main airport was signed with the Abu Dhabi Fund for Development during President Abdulla Yameen’s official visit to the United Arab Emirates. Economic Development Minister Mohamed Saeed signed the agreement on behalf of the Maldives at a ceremony Tuesday at the Ruler’s Court in Dubai. Details […]

Mohamed Ameeth

Maldives heavily in debt, no avenues to pay up!

2 min read

Joint opposition parties have expressed their concerns on the amount of loans taken by the Government of Maldives from foreign banks and funds. Speaking in a press conference held in Maafannu Kunooz over the Government’s decision to take a loan from Abu Dhabi Fund for development of Velana International Airport, Maduvvari Constituency MP Mohamed Ameeth […]

Hefty loans from everywhere: All payable?

Hefty loans from everywhere: All payable?

3 min read

The original Dhivehi article was published on Avas.mv website on 11th October 2017. The following is a loose translation: In contrast to neighbouring countries, Maldives economy is small. The income generating resources are also less. The entire economy is dependent on tourism. Therefore, in order to broaden the economy, the government started several initiatives. Likewise, […]