Author: Mohamed Reehaan

State Trading Organization (STO) has begun a special promotion on ‘Al-Noor’ dry milk products. Al-Noor is produced by Oman Foodstuff, a leading milk manufacturer in the Middle East. STO wholesales and retails 800 grams, 1,800 grams, and 2,250 grams of Al-Noor milk through its outlets. STO launched the special promotion for its wholesale and retail customers on August 2, 2023. Under the promotion, retail customers will receive a Al-Noor branded glass for every purchase of the milk. Wholesale customers will receive a SuperChef mayonnaise case for three cases of 1,800 grams Al-Noor milk, and a Nabati Richeese cheese case for…

Fahi Dhiriulhun Corporation (FDC) has contracted India’s Kalpataru Projects International Limited (KPIL) to develop an additional 4,000 housing units in Hulhumale’. KPIL is an industry leader in oil and gas, energy and infrastructure in India. It’s subsidiary, JMC, is currently developing 2,000 housing flats in Hulhumale’ Phase 2, which was contracted by FDC as well. The signing for the 4,000 housing units development was signed between FDC Managing Director Salfiyya Anwar and KPIL’s Country Head to the Maldives Sarwajeet Singh. The housing project will be carried out in two phases, with 2,000 units developed in each. Each 2,000 housing units…

Amari Raaya Maldives has officially opened its doors to welcome its first batch of guests. The exclusive opening event was attended by the resort’s management team along with Atul Chordia, Chairman and Panchshil Realty, the developer behind the property. Amari Raaya promises to be a timeless sanctuary for travelers seeking unforgettable escape in the Maldives. Atul Chordia and the Yuthachai Charanachitta, the ONYX Hospitality Group’s CEO marked the official opening of the resort by cutting the ribbon. The new luxury resort comes with 187 villas offering a variety of luxurious experiences including beach and beach pool villas, and interconnecting family…

The United States has imposed sanctions on 20 individuals and 29 companies for providing financial support to the operations of ISIS and al-Qaeda terrorist groups in the Maldives. US State Department Spokesperson Matthew Miller said the aim of these designations is to deter and disrupt financial and other forms of support for terrorist activities within the Maldives. The US had named 18 ISIS and ISIS-Khorasan (ISIS-K) facilitators and two al-Qaeda operatives along with 29 associated companies.

JA Manafaru Maldives has been awarded the distinguished independent seal of excellence for safe and professional childcare by Worldwide Kids (WK). The Worldwide Kids Accreditation is granted to luxury resorts that meet international childcare training and health and safety standards. The resort’s childcare facilities have successfully completed the comprehensive WK audit, and its childcare team has undergone accredited training by Worldwide Kids. “We are very proud to achieve this accreditation from Worldwide Kids, demonstrating our commitment to incorporating a superior experience for our youngest guests as part of our wider luxury offering,” says Jason Kruse, General Manager, JA Manafaru Maldives.…

A year after Russia invaded Ukraine, approximately 400,000 US-made semiconductors worth USD53.6 million were shipped to Russia via the Maldives, reports Russian customs clearance data obtained from Indian research firm Export Genius, analyzed by Nikkei. Records analyzed covered shipments valued at over USD50,000 each. Maldives was second only to China, including Hong Kong in terms of such imports that are clear attempts to circumvent sanctions against Russia. Interestingly, records for the year prior to the invasion covering transactions of the same minimum value showed no such shipments from Maldives to Russia. According to United Nations, the Maldives’ total exports in…

Bank of Maldives (BML) has posted a net profit of USD 35.8 million in the second quarter of 2023. Due to solid performance in all core business lines, with improving loan quality, resulted in a 55% year-on-year increase in net profit (after tax). The national bank reported a quarterly revenue of USD 68.7 million for the second quarter this year, and an operating profit of USD 43.97 million which is a 15% increase compared to the same quarter in 2022. During the review quarter, BML introduced ‘Aaya’, as part of the bank’s commitment to enhance customer experience. Additionally, as part…

China has become the third strongest source market to the Maldives. Following the reopening of its borders for outbound travels, China’s tourist market to the Maldives resumed earlier in January 2023 and quickly entered into the top 10 list of the source markets. While the Ministry of Tourism earlier anticipated the market to enter third position by early August, China has achieved the feat at least a week ahead. Statistics from the Ministry of Tourism confirm an arrival total of 91,555 tourists as of July 30. Russia is still leading the list with 126,504 annual arrivals with India closely following…

National Bank of Kuwait (NBK is launching a campaign offering two return tickets to the Maldives for the winner and a companion. This offer is applicable when booking through the concierge service provide ‘QGo Concierge’ and using its premium services. The offered return ticket to the Maldives are valid for six months. Speaking about the campaign, Mohammed Akram Hashim, head of segments, Consumer Banking Group at NBK said, “We are aware that premium, private banking and Thahabi customers have a unique lifestyle. Therefore, we seek to provide an exceptional experience packed with exclusive services and offers including this campaign for…

Beond – pronounced ‘beyond’ – aims to create a ‘private jet’ experience using narrow-body aircraft instead of their wide-body cousins that oft in use on Maldivian routes, and comes with the promise of an all-premium cabin with lie-flat seats that share components with Ferrari cars. “We want to do something completely new,” the airline’s Chief Commercial Officer Sascha Feuerherd said to CNN. “We deliberately chose to go for a luxury destination, which is a little paradise by itself, where people travel to relax and spend quality time. We want to ensure that they can travel there also in comfort, so…