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A digest of news and opinion from the Maldives.

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International Islamic Trade Finance Corporation Signs US$5 Million Murabaha Financing Facility to Support SMEs

International Islamic Trade Finance Corporation Signs US$5 Million Murabaha Financing Facility to Support SMEs

2 min read

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has approved a US$5 million Murabaha Financing Facility in favour of Bank of Maldives to support the Bank’s private sector businesses, particularly SMEs importing raw materials from the international markets. Bank of Maldives is the first partner institution in […]

The Public Health Emergency Bill, Effects on Businesses

The Public Health Emergency Bill, Effects on Businesses

6 min read

A sunset law has come into effect to enable special measures aimed at assisting individuals, families and businesses combat the adverse effects of Covid-19 pandemic and the subsequent imposition of the public health emergency in the country. The name of the law is the Public Health Emergency Act 2020. The law does three main tasks: […]

MIFCO Reduces Diesel Prices to MVR 7.33 to Ease Expenses for Fishermen

MIFCO Reduces Diesel Prices to MVR 7.33 to Ease Expenses for Fishermen

1 min read

Since the majority of the income earned from fishing is spent on purchasing diesel, in order to ease the cost for fishermen, MIFCO has reduced the prices of diesel sold by the company from 22nd September. The price has been reduced from MVR 8.65 to MVR 7.33, a change of MVR 1.54 per litre. However, […]

Explore the Challenges and Frontiers of AI with Professor Ugail at the Future Tech: Beyond 2020

Explore the Challenges and Frontiers of AI with Professor Ugail at the Future Tech: Beyond 2020

1 min read

Future Tech: Beyond 2020 is a platform for members of academia, scholars, researchers, and practitioners to discuss interdisciplinary research and practices. Hassan Ugail, Professor of Visual Computing at the University of Bradford, will be speaking on “Applied Artificial Intelligence – Challenges and Frontiers”. The agenda features presentation by leading members of the academia, researchers, and […]

4 Reasons Why Maldives Virtual Tour Expo is a Game Changer

4 Reasons Why Maldives Virtual Tour Expo is a Game Changer

2 min read

Maldives Virtual Tour Expo is a virtual consumer travel fair showcasing the best of Maldives along with special fares & deals of a lifetime. While you plan to tick the Maldives off your bucket list, why not make a pre-trip to the destination and experience the paradise destination virtually? The fair will be carried out […]

Sonu Shivdasani Shares How A Mosquito-Free Maldives is Possible

Sonu Shivdasani Shares How A Mosquito-Free Maldives is Possible

3 min read

Imagine a Maldives without dengue. Imagine a Maldives without chikungunya. Imagine taking your children for an evening stroll without having to fear being bitten by mosquitoes. In short, imagine a Maldives without mosquitoes. This no longer needs to be a dream; it is fast becoming a reality. In the past 15 months, the mosquito population […]

WHO Unveils Plan to Distribute Vaccine Fairly, Maldives Among Eligible Countries to Participate

WHO Unveils Plan to Distribute Vaccine Fairly, Maldives Among Eligible Countries to Participate

6 min read

64 higher-income economies have joined the COVAX Facility, a global initiative that brings together governments and manufacturers to ensure eventual COVID-19 vaccines reach those in greatest need, whoever they are and wherever they live. These 64 economies include commitments from 35 economies as well as the European Commission which will procure doses on behalf of […]