The arbitration ruling indemnified the Indian developer from any tax liabilities.
The Indian firm says it is not liable for any taxes due to an arbitration payout over the cancellation of its airport development deal.
The MMA confirmed to the Maldives Independent that it invested in a US$140 million government-guaranteed bond issued by the Maldives Airports Company Ltd on November 15,...
The government of the Maldives has paid US$271million in damages to Indian infrastructure firm, GMR, for the abrupt termination of a lucrative contract to develop and...
Yameen had claimed that GMR only paid MVR16 million to the government a year whilst MACL generated MVR1 billion in the first year after taking over...
A massive project to construct a new passenger terminal at the Ibrahim Nasir International Airport has been awarded to the Saudi Binladin Group for an undisclosed...
The Maldives’ pay out to Indian infrastructure giant GMR is set to increase by hundreds of millions of dollars after a tribunal ruled Tuesday that the...
Ex Finance Minister Ahmed Inaz, former Maldives Airports Company Ltd Chairman 'Bandhu' Ahmed Saleem, and former members of the MACL board of directors will not be...
