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A digest of news and opinion from the Maldives.

News

National Reserve Expected to Increase by year end: MMA

National Reserve Expected to Increase by year end: MMA

2 min read

According to Maldives Monetary Authority (MMA), the national reserve of Maldives will record an increase by the end of the year. The central bank forecasts the national reserve value to be at USD 480.1 million by the end of 2017 and USD 593.6 million by the end of 2018. In a press release issued by MMA […]

Malaysia PM

Maldives, Malaysia sign four pacts

3 min read

President Abdulla Yameen (R-2) and first lady Fathimath Ibrahim (R), with Malaysian prime minister Najib Razak (L-2) and his wife Rosmah Mansor at the official welcome ceremony held in front of the Republic Square in Male. PHOTO/PRESIDENT’S OFFICE The governments of the Maldives and Malaysia signed four key agreements on Wednesday. The signing was held […]

Value of goods exported in November recorded at 99% more compared to 2016

Value of goods exported in November recorded at 99% more compared to 2016

2 min read

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 […]

Former Vice President Ahmed Adeeb

Corrections refuse to shift jailed ex-VP to house arrest

2 min read

Former Vice President Ahmed Adheeb arriving in court on Wednesday. PHOTO / MIHAARU Maldives Correctional Service has refused to shift jailed former vice president Ahmed Adheeb from jail to house arrest. Adheeb’s family had submitted a formal request to shift him, claiming that the former VP’s doctors had recommended him to be placed in a […]

family-court

Court makes exception to officiate weddings on ‘18.08.2018’

2 min read

People pictured in front of the Family Court in Male. PHOTO/SOCIAL MEDIA Every year, couples that have decided to take the next step in their relationship set aside a unique calendar date to get married. It is a global phenomenon to save the dates that fall into place with aesthetic number patterns; as such, many […]

Maldives among the countries with the fastest Islamic Finance development

Maldives among the countries with the fastest Islamic Finance development

2 min read

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 […]

asim

‘China-Maldives FTA will not dent relations with India’: top diplomat

2 min read

Maldives’ foreign minister Dr Mohamed Asim (L) meets Indian foreign minister Sushma Swaraj. The Free Trade Agreement (FTA) between the Maldives and China will not undermine the former’s ties with neighbouring India, declared foreign minister Dr Mohamed Asim late Sunday. The contentious free trade pact, which cemented the close relations incumbent president Abdulla Yameen has […]

Man jailed for stealing clothes off drying rack

1 min read

Crime scene barrier tape A man who stole clothes off a drying rack in a house in capital Male has been sentenced to four months and 24 days in prison by the Criminal Court. The court revealed on Sunday that the man was sentenced on two separate charges last week for the crime that he […]

Bill Gates in Maldives for the holidays

Bill Gates in Maldives for the holidays

1 min read

Philanthropist and co-founder of the Microsoft Corporation Bill Gates speaks during a session of the One Planet Summit on December 12, 2017, at La Seine Musicale venue on l’ile Seguin in Boulogne-Billancourt, southwest of Paris. The French President hosts 50 world leaders for the “One Planet Summit”, hoping to jump-start the transition to a greener […]