GMR - Latest Stories

MACL records MVR305 million profit from INIA

Maldives Airports Company Limited (MACL) has generated MVR305 million as profit from operating Ibrahim Nasir International Airport (INIA) during the first three months of the year, provisional statistics showed.

April 17, 2013 2 comments
GMR-Maldives arbitration to start next year

Arbitration proceedings in the airport row with India's GMR Group will commence in the middle of next year, government said Sunday.

April 15, 2013
Azima to remain engaged in Nexbis, GMR cases

Former Attorney General (AG) Aishath Azima Shakoor who was reappointed as the new Gender Minister last week will continue to offer her legal expertise to the government until the cases with India's GMR Group and Malaysia's Nexbis Limited are completed, she said Saturday.

April 13, 2013
"Nothing can shake India-Maldives foundation"

Highs and lows are a norm of every relationship, but nothing can shake the foundation of India-Maldives ties, new Indian High Commissioner to Maldives Rajeev Shahare assured the media on Wednesday.

April 11, 2013 2 comments
Indian High Commissioner presents credentials

New Indian High Commissioner to the Maldives, Rajeev Shahare presented his letter of credence to President Dr Mohamed Waheed Hassan Manik on Wednesday.

April 10, 2013
Audit on GMR deal to be publicized Thursday

Auditor General's office has stated that it would publicize an audit report in to the transactions associated with the awarding of Ibrahim Nasir International Airport (INIA) airport to India's GMR Group on Thursday.

April 08, 2013
New Indian High Commissioner arrives

The newly appointed Indian High Commissioner to Maldives Rajeev Shahare has arrived in the Maldives on Thursday.

April 06, 2013
Axis Bank initiates arbitration with Maldives

Axis Bank has initiated the arbitration process with the Maldives government for recovering the loans granted to India's GMR Infrastructure Limited to develop the Ibrahim Nasir International Airport (INIA), according to Indian media reports.

April 06, 2013
Preliminary hearing on GMR arbitration slated

The preliminary hearing that will structure the arbitration process over the abrupt termination of the 25 year contract with India's GMR Group to develop and operate Ibrahim Nasir International Airport (INIA) by the Maldives government has been slated for April 10.

March 27, 2013 2 comments
India-Maldives tensions easing, says Naseer

The tensions that arose between India and Maldives following the arbitrary termination of the contract with Indian Infrastructure giant GMR Group has been gradually easing, Maldives High Commissioner to India Mohamed Naseer said Tuesday.

March 26, 2013