Maldives Financial News

Mohamed Muiz won the Maldives presidential runoff on Saturday, securing more than 53 per cent of the vote, local media reported. The election has turned into a virtual referendum on which regional power — India or China — will have the biggest influence in the Indian Ocean archipelago nation. Mihaaru News reported that incumbent President Ibrahim Mohamed Solih had received 46% of the vote and that Muiz had won by more than 18,000 votes.

geopolitics into the centrestage of their electoral campaigns. While incumbent President Ibrahim Mohamed Solih has strengthened the country's bonhomie with New Delhi in his five-year tenure so far, the opposition camp led by rival presidential candidate Mohamed Muizzu have sharpened their anti-India rhetoric, and hinted at restoring the strong pro-Beijing ties that existed between 2013 and 2018.

Maldives votes in a presidential runoff on Saturday that could drastically rebalance its relations with India and China, two regional giants competing for influence in the geopolitical hotspot. The atoll nation of nearly 1,200 coral islets is a prestige tourism hotspot and favourite beach holiday destination for the world's rich and famous. It also sits in a strategically vital position in the middle of the Indian Ocean, astride one of the world's busiest east-west shipping lanes. Frontrunner Mohamed Muizzu's party moved into Beijing's orbit while last in office and was an eager recipient of financial largesse from China's Belt and Road infrastructure programme. Muizzu, the 45-year-old mayor of Male, spearheaded the $200 million China-backed bridge linking the capital to the country's main airport while in the last government. He won just over 46 percent of the first round earlier this month while incumbent Ibrahim Mohamed Solih, who presided over the restoration of ties with traditional benefactor India, trailed at 39 percent. But with only 283,000 eligible voters, and barely 15,000 votes between the pair, former foreign minister Ahmed Shaheed told AFP the contest was on a knife's edge. «The mood in the Maldives suggests that the two candidates are narrowing their gap,» Shaheed said. «This is going to be a very, very close race.» Solih won office in 2018 on the back of discontent with his autocratic predecessor Abdullah Yameen, an ally of Muizzu's who is now serving an 11-year prison sentence for corruption. He had accused Yameen of pushing the country into a Chinese debt trap by borrowing heavily for infrastructure. Yameen's turn towards Beijing had alarmed New Delhi, which shares Western concern at China's

Pakistan's interim Prime Minister Anwaar-Ul-Haq Kakar, Pakistan's foreign ministry and their intelligence bureau has been wracking their heads into understanding how such a ‘disaster’ unfolded. The ‘disaster’ being- Pakistan for the first time on Thursday got their Miss Universe contestant.

₹5,809.91 crores from ₹3,056.22 crores in the previous year. Among its key international subsidiaries, UOH Inc owning US hotels registered a turnover of ₹657.69 crores and St.

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Maldives presidential election Saturday, a virtual referendum over which regional power — India or China — will have the biggest influence in the Indian Ocean archipelago state. President Ibrahim Mohamed Solih, perceived as pro-India, sought re-election for a second term amid allegations by his main rival, Mohamed Muiz, that he has allowed India an unchecked presence in the country. Muiz promised that if he won the presidency, he would remove Indian troops stationed in the Maldives and balance the country's trade relations, which he said, is heavily in India's favour. Muiz's party, the People's National Congress, is viewed as heavily pro-China.

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Narendra Modi and the Indian Space Research Organisation (ISRO) on the successful landing of Chandrayan-3 on the surface of the moon on Wednesday. Nepal PM took to his social media 'X, (formerly known as Twitter), and said, "I congratulate Prime Minister Shri Narendra Modi ji and ISRO team of India on successful landing of Chandrayan-3 in the surface of the moon today and unleashing of a historic achievement in science and space technology." Foreign Minister of Maldives, Abdulla Shahid congratulated PM Modi on the success of ISRO's Chandrayaan-3 mission.

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Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.

lap of luxury, 16 feet below the sea? An opulent hotel in the Maldives may now help you have a deluxe underwater experience! Business tycoon Anand Mahindra recently took to Twitter to talk about this one-of-a-kind hotel. He revealed that he was sent an invitation to spend a night at this hotel, but declined as he felt he would not be able to sleep in peace! “The Muraka was the Maldives’ and the world's, very first underwater hotel suite. I was sent this post with a suggestion that a stay here would ensure the most relaxed weekend rest. To be honest, I don’t think I would get a wink of sleep…I would stay awake looking for cracks in the glass ceiling,” he wrote on Twitter. The tweet soon went viral, attracting more than 418K views and 3737 likes. One Twitter user quipped that most Indians will not be able to afford it as 70 per cent of their lifetime earnings will be spent if they attempt to do so. “70% Indians' lifetime earnings are equal to one day stay here,” they wrote. The video shared by the mogul shows a room submerged in water.

long Independence weekend is here: August 12 (Saturday), August 13 (Sunday), August 15 Independence Day (Tuesday), and August 16: Parsi New Year (Restricted Holiday) (Wednesday). You just need to take an off from your work on August 14, Monday, to explore different tourist places.

Saudi Arabia announced that citizens of eight more countries will now be eligible for a visitor e-visa, state media reported. The e-visa will be available to visitors from Albania, Azerbaijan, Georgia, Kyrgyzstan, Maldives, South Africa, Tajikistan, and Uzbekistan, for leisure, business, and religious (Umrah only) travel, bringing the total number of eligible countries to 57, Xinhua news agency quoted the state media report as saying. The visitor e-visa is valid for an entire year, grants multiple entries, and permits a stay of up to 90 days. After launching the e-visa program in 2019, Saudi Arabia welcomed 93.5 million visits in 2022, a 93-per cent increase from 2021, registering a tourism expenditure of 185 billion Saudi Riyals ($49 billion). In 2022, Saudi Arabia decided to provide a visitor e-visa for holders of valid Schengen, British and US visas that have been used to enter these countries before arriving in Saudi Arabia and for permanent residents of the European Union, Gulf Arab countries, Britain and the US.

GoAir must pay a compensation of Rs 10,000 and reimburse additional flight charges amounting to Rs 13,956 to a flyer for the abrupt cancellation of a flight to the Maldives a week before the scheduled trip. As per a ToI report, the commission supported the complainant's argument, stating that the cancellation caused mental agony and inconvenience, despite booking the tickets well in advance for a hassle-free family holiday. The complainant, DV Manohar (69), a resident of Whisper Valley, had booked round-trip tickets for Rs 77,408 through GoAir for a holiday trip to the Maldives.

Extreme weather conditions in southern Europe or the USA. or the Hottest July in some other parts of the world may be a time of higher rate of cancellations and passengers booking tickets at that may get concessions and cheaper tickets. Experts suggest that one should book tickets in opposite seasons. But it may be difficult to get connecting flights for the same reasons, as per the CNN report. Airline Secrets: Connecting FlightsTake f

sustainability. Some of the most thought-provoking and pioneering places today are those that have selected to effort on native sourcing, waste reduction and other ecological exercises.

Bajaj Allianz General Insurance has launched a new motor insurance offering called V-Pay. The add-on cover is only for private car owners, not for commercial vehicles. Under this add-on, the insuree can report multiple minor paint chips and/or scratches anytime during the policy period.

India has significantly improved its passport ranking by rising 5 spots from last years and is now ranked 80th in the latest Henley Passport Index. Owning to this, Indians can travel to 57 destinations completely visa free or visas on arrival arrangements.  However, it is to be noted here that India has scored poorly in mobility.

Katrina Kaif turned 40 on July 16 (Sunday). Her actor-husband Vicky Kaushal took to Instagram to wish a very happy birthday to the ‘Mere Brother Ki Dulhan’ star and also treated their fans to some adorable pictures of their vacation. Sharing two mushy pictures of themselves, the ‘Zara Hatke Zara Bachke’ actor wrote, “In awe of your magic … every day.