Author: Mohamed Reehaan
Heidelberg Materials UK, a British-based building materials company headquartered in Maidenhead, has acquired B&A Group, one of the leading construction soil and aggregate recycling companies in south west England. The Bristol-based B&A Group employs a team of 70 and specializes in the supply of recycled and primary aggregate, site clearance, earthworks, land remediation and sustainable land regeneration. B&A Group had its most successful year to date in 2023, tuning over in excess of GBP 50 million making a pre-tax profit of GBP 9.1 million. The acquisition of B&A Group is another example of Heidelberg Materials’ commitment to reaching net zero…
Crown and Champa Resorts (CCR)’s Veligandu Maldives Resort Island in North Ari Atoll is expected to reopen in November 2024. First established in 1984, Veligandu Maldives is one of the pioneering resorts in Maldives tourism industry. The property has gone through extensive renovation to connect with the modern travelers. Velagandu falls under CCR’s rich property portfolio that boasts of luxury-tier tourist properties such as Kudadoo Maldives Private Island, Hurawalhi Maldives Island Resort, Kagi Maldives Resort & Spa, and Jawakara Island Maldives. “Veligandu Maldives Resort Island will be an enchanting escape for guests to immense themselves in the natural beauty of…
The 18th edition of the Infofish World Tuna Trade Conference and Exhibition commenced on Monday, May 20, 2024. The Minister of Fisheries and Ocean Resources Ahmed Shiyam attended the inauguration ceremony as the chief guest, and officiated the exhibition. While speaking at the inaugural ceremony, Shiyam revealed the vision for fisheries industry development plans under President Dr. Mohamed Muizzu’s administration. Shiyam highlighted ongoing government efforts to seek lucrative blue economy ventures and sectors besides traditional fishing activities. Besides this, the minister also provided insight into state’s efforts to establish factories to process canned and pouched fish for export instead of…
Ooredoo has announced the launch of Saudi Passport, a dedicated roaming SIM card designed to provide seamless connectivity and excellent rates for Hajj pilgrims. With the Saudi Passport SIM, Ooredoo aims to ensure its customers to stay connected with loved ones and access essential services. “Enjoy unbeatable call, SMS, and data rates” Ooredoo said, about the SIM which is tailored specifically for the Hajj season, that ensures connectivity throughout the pilgrims’ journey. The Saudi Passport SIM comes bundled with 15GB roaming data, 60 minutes of voice calls (calling and receiving) and 60 SMS. Additional data will be charged at MVR…
The Minister of Economic Development and Trade Mohamed Saeed recently held discussions with Li Xiaosan, Vice Chairman of the Standing Committee of Yunnan Provincial People’s Congress of China. During their meeting, the two had focused on strengthening bilateral ties in trade and investment between the Maldives and Yunnan province. Minister Saeed acknowledged the long-standing relationship between the Maldives and Yunnan, highlighting the previous areas and avenues of collaboration, including opportunities to participate in the Kunming Fair and provide training and sports. “This meeting will undoubtedly serve as a pillar to strengthen these existing ties and pave the way for stronger…
Regional Airports Company Limited (RACL) on Monday, has unveiled the newly renovated lounge at Hanimaadhoo International Airport. The waiting area is now more spacious with the latest in comfort for travelers to relax in between flights. The airport’s lounge underwent upgrades to provide a more contemporary waiting area for travelers as international flights resume to Hanimaadhoo International Airport after the redevelopment project crossed over 50% completion as of August 2023. International flights resumed to the airport officially on April 16, 2024, and with it RACL, the airport’s operator, expect more successful operations. As of now, Hanimaadhoo International Airport welcomes nine…
The national carrier, Maldivian, has once again announced additional flights in light of travel demands. According to Maldivian, an additional flight has been added to Male’-Kooddoo route on May 24, 2024. Departure from Male’ is scheduled for 17:40hrs, and return from Kooddoo is scheduled for 19:15hrs. Besides this, a flight been added to Maafaru and Madivaru routes on the same date as well. The departure from Male’ is scheduled for 04:50hrs, and will first land Maafaru. From Maafaru to Madivaru, the flight is scheduled at 05:50hrs, and return back to Male’ is scheduled from Madivaru at 06:40hrs. An additional flight…
Privatization and Corporatization Board (PCB) on Sunday announced new appointments to 11 state-owned enterprises (SOEs). PCB announced the names of the individuals who were appointed to key positions of the SOEs last week, including the Managing Director and four members to the Maldives Fisheries and Ocean Resources Marketing and Promotion Corporation (MFORMPC). They are; Ahmed Zareer – Managing Director Munshida Ibrahim – Board Member Ahmed Shifaz – Board Member Ahmed Yameen – Board Member Adam Manik – Board Member The appointments to the 11 SOEs include; Bank of Maldives (BML) – Ali Farish SME Development Finance Corporation (SDFC) – Mohamed Maiz Munaz…
The outstanding Public and Publicly Guaranteed (PPG) Debt of the Maldives government reached MVR 126.2 billion as of the first quarter of 2024, which is 110.1% of the Maldives national Gross Domestic Product (GDP). According to the Quarterly Debt Bulletin (QDB) for the Q1-2024, published by the Ministry of Finance, the total debt service as of the review quarter stood at MVR 2.2 billion. Budgetary Central Government (BCG) Debt External: MVR 38.1 billion Domestic: MVR 74.1 billion In the last quarter of 2023, external BCG Debt stood at MVR 38 billion, and domestic BCG Debt stood at MVR 72.7 billion.…
Velana International Airport (VIA) announced the partners for the Air Service World Congress (ASWC) 2024. The announcement was made at a special event held at Noovilu Seaplane Terminal, which saw participation of Maldives Airports Company Limited (MACL) Managing Director, deputy managing directors, senior management, and partners. Speaking at the event, MACL Managing Director Ibrahim Shareef Mohamed said, “President Dr. Mohamed Muizzu has prioritized the development of Velana International Airport with a visionary Masterplan and that this plan will drive national prosperity through aviation development, congruent with the growth of our tourism sector.” “Velana International Airport will be at the core…