Author: Mohamed Reehaan

The Auditor General’s Office of the Maldives and the Comptroller and Auditor General of India has signed on a Memorandum of Understanding (MoU) to strengthen the bilateral cooperation between the parties. Moreover, the agreement was signed on 24th October 2021 between the Auditor General of Maldives Mr. Hussain Niyazy and Comptroller and Auditor General (CAG) of India Mr. Girish Chandra Murmu. Mr. Murmu is currently on an official visit in the Maldives on an invitation from the Auditor General of Maldives. At the signing ceremony, both parties had highlighted on the importance of collaborating with one another on mutual areas…

The Maldives has won in four different segments under the Indian Ocean category at the “World Travel Awards 2021.” Moreover, at the 28th edition of the World Travel Awards, Maldives had won accolades in; Indian Ocean’s Leading Destination 2021 Indian Ocean’s Leading Beach Destination 2021 Indian Ocean’s Leading Dive Destination 2021 Indian Ocean’s Leading Tourist Board 2021 Furthermore, Maldives Marketing and Public Relations Corporation (MMPRC) has confirmed of receiving the award of Indian Ocean’s Leading Tourist Board 2021 at the Travel Awards. Meanwhile, Mr. Thoyyib Mohamed, the Managing Director of MMPRC has expressed his delight on the accolades and noted…

As per the latest updates from the Ministry of Finance, the state expenditure has reached MVR22,915.9 million (MVR22.9 billion) as of 14th October 2021. Moreover, the state revenues inclusive of grants observed a slight increment from the previous week reaching a cumulative total of MVR15,180.4 million (MVR15.2 billion). So far 77% of the government’s expenses have been focused on recurrent needs and 23% on capital expenses. On the other hand, 73% of the revenues came from tax sources and 27% came from non-tax sources. Meanwhile, the most significant receipts to the state came from tax revenue sources such as Tourism…

The Chief Executive and Managing Director of Bank of Maldives (BML), Mr. Tim Sawyer has presented awards to 61 of the bank’s employees. Furthermore, the awards were presented to the employees during a special event held at the Manhattan Business Hotel. At the event, Ms. Zulfa Mohamed, the Customer Service Manager of BML received a special commendation for having served in the bank for 35 years while Ms. Shamsiyya Ibrahim, the Head of Customer Processing received the award for serving at the bank for 30 years. “Tonight, we are proud to celebrate your dedication and commitment to the bank. Thank…

A team of reporters and correspondents representing various Middle-Eastern media outlets arrived in the Maldives for a tourism familiarization trip. The team had arrived in Maldives on an invitation by the trip’s organizer Visit Maldives, while it has been reported that the group will remain in the country from 15th until 20th October 2021. According to Visit Maldives, the team included writers, journalists, editors and others from Travel & Tourism News – TTN, Al Press, Al Bayan and Travel Trendz International. These outlets target all key segments of the Middle Eastern audience from high-end affluent segments to the budget travelers.…

Recent updates from Ministry of Tourism reveal that the total number of tourists arriving in Maldives reached over 923,000; which confirms the arrival has crossed 90% of projected arrivals in the year’s budget. Moreover, according to the projection included in the budget for 2021, Maldives aimed to attract a total of 01 million holidaymakers by the end of the year. Furthermore, the official Twitter handle of the Government of Maldives attest that the island nation was among the first countries to reopen the borders to tourists while 93% of all resort employees have already been fully vaccinated against Covid-19. Meanwhile,…

A recent study from World Bank on the global debt issue identifies that the foreign direct investment in the Maldives has decreased to USD348 million in 2020. Moreover, this indicates a decline of USD607 million when compared with the annual total of USD956 million in 2019 – pre-Covid. Furthermore, World Bank attests this decline in foreign direct investment in the Maldives is over the delays of several resort and hotel projects due to the Covid-19 pandemic. The tourism industry of the island nation has always covered the majority of foreign investments in the Maldives. Apart from the Maldives, foreign direct…

Accor Hotels properties in the Maldives is offering free domestic return transfers from Velana International Airport. The hotelier group boasts a total of five luxurious properties in the island nation which include Fairmont and Movenpick properties in the north as well as the Raffles, Pullman and Mercure resorts in the south. Meanwhile, travelers can save up to USD1,200 per couple on return transfers with Accor’s “For the love of barefoot luxury” offer with complimentary domestic round trip transfers for two persons along with daily breakfast and easy cancellation options. Moreover, the offer is applicable for bookings from 18th October until…

Amid the ongoing school holidays, EyeCare Opticals has announced their latest promotion with an exciting prize. According to the leading eye care provider in the country, the special promotion from 16th October until 31st October will grant customers to participate in a lucky-draw following their shopping at the EyeCare outlets. Moreover, customers making purchases exceeding MVR1,000 will be subjected to entry coupons for the lucky-draw. Customers are expected to provide their full name, National ID card number along with contact number on the coupons. Furthermore, the winner of this lucky-draw will be announced on 06th November 2021, while the winner…

The total tourist arrivals to Maldives as of 13th October has reached 923,146 according to the Ministry of Tourism. Meanwhile the total tourist arrivals from 01st until 13th of October stood at 52,284 which is a 585.8% improvement from the same period in 2020; where the tourist arrivals stood at just 7,624. However, the tourist arrivals during the review period is still 11.0% below the arrival total during the same period in 2019, where the it stood at 58,738. Indian continues to maintain top source market position to the Maldives with a total of 211,062 tourist arrivals so far to…