Author: hyvemedia
A major affordable housing initiative funded under a USD 25 million grant from the Saudi Fund for Development (SFD) was officially inaugurated on Monday in Hulhumalé. The project, which will see the development of 400 housing units, was launched during a special ceremony attended by SFD CEO Sultan bin Abdulrahman Al-Marshad, who is currently on a three-day official visit to the Maldives. Held at the project site in Hulhumalé Phase II near Masjid Hassan Adam, the inauguration ceremony also saw the participation of Minister of Finance and Treasury, Moosa Zameer, alongside senior government officials. The project is seen as a…
In a heartfelt address marking Dhivehi Language Day, President Dr Mohamed Muizzu reaffirmed the central role of the Dhivehi language in shaping the Maldivian national identity, cultural heritage, and unity. Highlighting the profound significance of language in defining a nation, President Muizzu described Dhivehi as a symbol of sovereignty and pride, noting that its preservation and promotion are essential to safeguarding the Maldives’ independence and cultural legacy. “We are blessed with a unique language and script that defines who we are. It is not just a means of communication, but a powerful representation of our history, customs, and national consciousness,”…
The Saudi Fund for Development (SFD) has reaffirmed its enduring partnership with the Maldives by extending a USD 18.61 million loan to support the expansion of Velana International Airport (VIA)—a transformative infrastructure project vital to the country’s economic future. The agreement was formally signed during a ceremony held at the President’s Office, with Minister of Finance and Treasury Moosa Zameer representing the Maldivian government and Sultan bin Abdulrahman Al-Marshad, Chief Executive Officer of the SFD, signing on behalf of the Saudi institution. With this additional funding, the Ministry of Finance expressed renewed optimism for the timely completion of the VIA…
President Dr. Mohamed Muizzu has conferred the prestigious Order of the Dignified Rule of the Muleege Dynasty (ODRMD) upon Sultan bin Abdulrahman Al-Marshad, Chief Executive Officer of the Saudi Fund for Development (SFD), in recognition of his outstanding contributions to the development and well-being of the Maldivian people. The award was presented at a formal ceremony held at the President’s Office. The honour reflects Al-Marshad’s exemplary leadership and the Saudi Fund’s instrumental role in supporting key development sectors in the Maldives. The decoration also pays tribute to the enduring legacy of Al-Sultan Muhammed Shamsuddin, a pivotal figure in Maldivian history…
Maldivian, the national airline of the Maldives, has issued a fresh call for proposals to lease a second wide-body aircraft, superseding its initial announcement. This move aligns with the government’s strategic vision to enhance the country’s international aviation capabilities and boost tourism. The airline’s first wide-body aircraft, an Airbus A330-200, arrived at Velana International Airport on January 6, 2025. This milestone fulfilled a key presidential pledge by President Dr. Mohamed Muizzu to expand the nation’s aviation sector. The aircraft, featuring a three-class configuration with 264 seats, is currently operating direct flights to major Chinese cities, including Beijing, Shanghai, and Chengdu…
Milan, Italy – April 7, 2025 – At the Design You Can Feel exhibition in Milan, ASUS has introduced a breathtaking new Signature Edition Zenbook Series—a collection of laptops that transcend traditional design by celebrating the natural wonders of the Earth. Among the most captivating of these is the Vaadhoo Island, Maldives – Luminous Blue edition, which pays tribute to the magical glow of bioluminescent ocean waves. This exclusive global launch redefines what a laptop can be—each model is a story, a landscape, and a technological marvel, crafted with ASUS’s revolutionary Ceraluminum™ technology. A Nature-Inspired Tribute: The Signature Edition Series…
When the clock started ticking on a new wave of U.S. tariffs, global companies scrambled to respond. At the center of this corporate rush was Apple, which executed a logistical sprint worthy of its trillion-dollar status. In an extraordinary move, the tech giant airlifted 1.5 million iPhones—approximately 600 tons of cargo—in just six jets from Chennai, India, to the United States. A Customs Clearance Record at Chennai Airport Clearing customs at Chennai airport typically takes around 30 hours. But for Apple, it took just six. Reports suggest this unprecedented speed was achieved through a special green corridor arrangement—facilitated by swift…
In 2025, the world is witnessing an unprecedented shift in the migration patterns of high-net-worth individuals (HNWIs). Driven by a combination of financial incentives, political stability, and lifestyle aspirations, millionaires are relocating in record numbers, reshaping the global distribution of wealth. The Scale of the Migration According to Henley & Partners’ Global Mobility Report 2025, approximately 142,000 millionaires are expected to relocate this year, marking the largest wealth migration ever recorded. This trend reflects a fundamental change in how the affluent approach geographic and financial planning. Top Destinations for Millionaires United Arab Emirates (UAE) The UAE continues to be…
A Tectonic Economic Shift Is Underway The global economic landscape is undergoing a once-in-a-century realignment. For decades, the United States and its allies dominated the world economy. But now, new power centers are rising—and fast. According to PwC’s The World in 2050 report, by mid-century, the top three economies by purchasing power parity (PPP) will be China, India, and the United States. Other emerging markets like Indonesia, Brazil, and Mexico are also expected to enter the top 10, pushing out some long-standing Western powers such as France and Italy. In 2024, the International Monetary Fund (IMF) and thez World Bank…
March 29, 2025 – The Middle East is once again on the edge of a major escalation as conflicts intensify across multiple fronts. From Gaza to Lebanon, Iran to Yemen, and the Red Sea to Syria, regional tensions have reached alarming levels, raising fears of a wider war that could destabilize global security and economies. Escalation in Gaza and the West Bank The war in Gaza, which has been ongoing since October 2023, continues to be a major flashpoint. Israel’s relentless military campaign against Hamas has resulted in over 35,000 Palestinian deaths, with entire neighborhoods in ruins and a worsening…