• The Maldives is a popular destination among UAE travellers. Photo: Velaa Private Island
    The Maldives is a popular destination among UAE travellers. Photo: Velaa Private Island
  • An aerial view of the island of Male, capital of the Maldives. AFP
    An aerial view of the island of Male, capital of the Maldives. AFP
  • Beach lounging is a popular pastime for travellers here.
    Beach lounging is a popular pastime for travellers here.
  • The Maldives economy is heavily dependent on tourism. Male Atoll is pictured here. Reuters
    The Maldives economy is heavily dependent on tourism. Male Atoll is pictured here. Reuters
  • Maldives is famous for its high-end international tourism.
    Maldives is famous for its high-end international tourism.
  • Gan International Airport is ideally located for travellers flying to the Southern Atolls. Photo: Gan International Airport / Facebook
    Gan International Airport is ideally located for travellers flying to the Southern Atolls. Photo: Gan International Airport / Facebook
  • A luxury stay for the whole family awaits at Baglioni Resort Maldives. Photo: Baglioni Resorts
    A luxury stay for the whole family awaits at Baglioni Resort Maldives. Photo: Baglioni Resorts
  • Zuma in the Maldives. Photo: Zuma
    Zuma in the Maldives. Photo: Zuma
  • Anantara Kihavah Maldives Villas.
    Anantara Kihavah Maldives Villas.
  • Le Meridien Maldives Resort & Spa.
    Le Meridien Maldives Resort & Spa.
  • More people are taking extended workcations here. Getty Images
    More people are taking extended workcations here. Getty Images

Flydubai is first UAE airline to launch flights to Maldives’ Gan airport


Hayley Skirka
  • English
  • Arabic

Holidaymakers keen to travel to the Maldives from the UAE will soon have another way to get there.

Low-cost airline flydubai will be launching flights to Gan International Airport in the southern tip of the Indian Ocean archipelago, starting in February.

The budget carrier will operate a daily flight to the second biggest international airport in the Maldives from February 4, making it the first UAE airline to operate to Gan, a former British Royal Air Force base.

Perfectly located for travellers flying to the Southern Atolls, the airport lies in proximity to several resorts including the Equator Village, Canareef Resort Maldives and the on-the-market Shangri-La's Villingili Resort & Spa, Maldives.

Anantara Kihavah Maldives.
Anantara Kihavah Maldives.

Together with existing flights to Velana International Airport in Male, flydubai will operate 28 services a week between Dubai and the Maldives from February.

“The start of our daily flights to the southern island of Gan will give our passengers more options to travel to the beautiful Maldives. This new service will reduce the commute time whether by boat or seaplane for those staying in resorts in the Southern Atolls,” said Ghaith Al Ghaith, chief executive at flydubai.

“The Maldives continues to be one of the most popular leisure destinations for our customers from the UAE, GCC and CIS. The additional frequency to the market will further support connecting traffic from Europe as well.”

Flydubai will operate daily flights to Gan International Airport from February 2023. Photo: Chad Slattery
Flydubai will operate daily flights to Gan International Airport from February 2023. Photo: Chad Slattery

Gan flights leave Dubai just after 9am, arriving in the Maldives at 4pm on Mondays, Tuesdays, Thursdays and Saturdays. On every other day of the week, the flight leaves Dubai at 2.30am, with travellers landing in the Addu Atoll just after 9am.

Despite flydubai’s reputation as a low-cost airline, economy fares on the route start from Dh4,050 ($1,102), and business class fares will set travellers back Dh7,400. That’s substantially higher than Wizz Air Abu Dhabi’s recently launched Maldives flights to Velana, where basic one-way fares start from Dh319.

But for travellers staying in southern destinations, flying into Gan could reduce resort transfer fees as nearby islands are reachable via a short speed boat ride instead of seaplane transfer, if coming from Male.

From a coral runway to the Maldives' second-busiest airport

First built by the British Royal Navy, Gan International Airport originally operated with a coral runway and welcomed its first aircraft — a Royal Air Force Westland Walrus — almost 80 years ago.

The hub was transferred to the Royal Air Force and a permanent runway was added. It was used as a staging post for aircraft on their way to Singapore and other East Asian destinations.

In 1976, the British handed the airport over to the Maldivian government and it began its new tenure as a domestic airport, before being upgraded to support international flights.

Tamkeen's offering
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  • Option 2: 50% across three years
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Dubai College A 50-12 Dubai College B

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

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TICKETS

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.

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Champions League last 16, first leg

Tottenham v RB Leipzig, Wednesday, midnight (UAE)

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1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

Brief scores:

Pakistan (1st innings) 181: Babar 71; Olivier 6-37

South Africa (1st innings) 223: Bavuma 53; Amir 4-62

Pakistan (2nd innings) 190: Masood 65, Imam 57; Olivier 5-59

Skoda Superb Specs

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In the box: iPad mini, USB-C cable, 20W USB-C power adapter

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Countries offering golden visas

UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.

Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.

Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.

Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.

Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence. 

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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

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The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

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Updated: October 13, 2022, 10:33 AM