Author: hyvemedia

President Dr Mohamed Muizzu held a key meeting with Sultan bin Abdulrahman Al-Murshid, Chief Executive Officer of the Saudi Fund for Development (SFD), on Saturday at the President’s Office to explore avenues for enhanced collaboration in vital development sectors. Al-Murshid is visiting the Maldives as part of the 60th Independence Day celebrations and the inauguration of the new terminal at Velana International Airport. During the courtesy call, President Muizzu warmly welcomed the CEO and his delegation, expressing sincere gratitude for their presence at these landmark national events. The President commended the Saudi Fund for Development’s significant contributions, notably its support…

Maldives’ Minister of Economic Development and Trade, Mohamed Saeed, has hailed the initiation of Free Trade Agreement (FTA) negotiations between India and the Maldives as a historic turning point in the countries’ economic partnership. The announcement follows the signing of an agreement to officially commence FTA discussions during Indian Prime Minister Narendra Modi’s State Visit to the Maldives. The move is intended to expand trade opportunities and establish a robust administrative framework for enhanced bilateral economic cooperation. In a social media post, Minister Saeed expressed his honour in welcoming Prime Minister Modi and witnessing the formal exchange of Terms of…

The Bank of Maldives (BML) is set to introduce Indian Rupee (INR) accounts starting 1 August 2025, marking a significant step in advancing trade and financial cooperation between the Maldives and India. The new offering will be accessible to individuals, businesses, and expatriates via BML’s Internet and Mobile Banking platforms. Mohamed Shareef, BML’s CEO and Managing Director, described the launch as a strategic milestone: “We are pleased to unveil INR account services at Bank of Maldives, which will create new opportunities for our customers—enabling smoother trade transactions, facilitating remittances, and expanding avenues for investment.” He emphasized the bank’s ongoing dedication…

The Maldives Monetary Authority (MMA) has announced the creation of an independent institution to lead the transformation of the nation’s payment ecosystem, as part of a broader strategy to modernise financial infrastructure and improve the efficiency of monetary transactions across the country. According to the central bank, the upcoming reforms aim to deliver secure, seamless, and cost-effective financial services for both consumers and businesses. This announcement follows the recent bilateral agreement signed with India’s NPCI International Payments Limited, under which the MMA plans to link the Maldives’ National Instant Payment System (Favara) with India’s Unified Payments Interface (UPI). In a…

In a powerful and historic address delivered on the occasion of the 60th Independence Day, President Dr Mohamed Muizzu reaffirmed the Maldives’ unwavering commitment to national sovereignty, declaring that “every square inch” of the nation’s territory will be safeguarded by Maldivians themselves. The address — delivered at a joint ceremonial gathering of the Maldives National Defence Force (MNDF) and the Maldives Police Service (MPS) — marked the first time in the country’s history that a Maldivian Head of State has formally addressed both national forces together on Independence Day. A Clear Message on Sovereignty During his remarks, President Muizzu underscored…

President Dr Mohamed Muizzu marked the 60th Independence Day of the Maldives by meeting with members of the Maldives National Defence Force (MNDF) and the Maldives Police Service (MPS) in a special ceremony honouring their service and dedication to the nation. Held as part of the official Independence Day commemorations, the event began with a ceremonial guard of honour presented to the President, who was warmly welcomed by Minister of Defence Mohamed Ghassan Maumoon, Minister of Homeland Security and Technology Ali Ihusaan, Chief of Defence Force Major General Ibrahim Hilmy, and Commissioner of Police Ismail Naveen. During the ceremony, President…

 The Prime Minister of the Republic of India, His Excellency Shri Narendra Modi, has arrived in the Maldives today on a state visit at the invitation of President Dr Mohamed Muizzu. This visit marks a significant diplomatic milestone, as it is Prime Minister Modi’s first official trip to the Maldives during his third term in office, and coincides with the 60th anniversary of Maldivian independence and 60 years of diplomatic relations between the two nations. Upon his arrival at Velana International Airport (VIA), Prime Minister Modi and his accompanying delegation were warmly received by President Dr Muizzu and senior government…

The Maldives Airports Company Limited (MACL) has officially initiated the final countdown to the grand opening of the new state-of-the-art passenger terminal at Velana International Airport (VIA). Scheduled to open on July 26, coinciding with the 60th Independence Day of the Maldives, the project marks one of the most transformative infrastructure milestones in the nation’s aviation and economic history. A New Era for Maldivian Aviation The launch of the new terminal is more than just an operational upgrade  it is a strategic investment in the Maldives’ long-term growth as a global tourism and trade hub. Designed to handle 7.5 million…

The Ambassador of the Kingdom of Saudi Arabia to the Republic of Maldives, His Excellency Yahya Hassan Alqahtani, paid a courtesy call on Vice President His Excellency Uz Hussain Mohamed Latheef at the President’s Office earlier today. During the meeting, both dignitaries reaffirmed the enduring friendship and close bilateral relations between the Maldives and Saudi Arabia. Discussions focused on the strength of the longstanding brotherly ties and the shared commitment to further enhancing cooperation in areas of mutual interest. Vice President Latheef expressed sincere appreciation for the Kingdom’s continuous support to the Maldives across various sectors. He noted the valuable…

President Dr Mohamed Muizzu has announced that a dedicated seaplane platform will be established in N. Velidhoo, with operations expected to commence by January next year. The announcement came during his official visit to the island as part of his ongoing tour of the inhabited islands in South Miladhunmadulu Atoll. In his address to the residents of Velidhoo, President Muizzu highlighted that while a domestic airport is being planned for Vihafaru, specific arrangements are also underway to ensure seaplane connectivity to Velidhoo. He further revealed that sea ambulance services will also begin operating from January, with vessels to be stationed…