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Russia Claims First COVID Vaccine "Sputnik V"

President of Russia Vladimir Putin
Russia has approved a controversial COVID-19 vaccine for widespread use.

Russia has approved a controversial COVID-19 vaccine for widespread use after less than two months of human testing. Russian President Vladimir Putin said the vaccine had passed all the required checks, revealing that his daughter has already been given it.

According to BBC News, experts have raised concerns about the speed of Russia’s work, suggesting that researchers might be cutting corners. Meanwhile, the World Health Organization (WHO) urged Russia last week to follow international guidelines for producing a vaccine against COVID-19.

BBC Reported that President Putin said the vaccine, developed by Moscow’s Gamaleya Institute, offered “sustainable immunity” against the coronavirus. Furthermore, Russian Health Minister Mikhail Murashko said the vaccine had “proven to be highly effective and safe”, hailing it as a big step towards “humankind’s victory” over COVID-19.

In the Maldives, the COVID-19 cases are predominantly based in the capital city of Male’. The population of the Maldives is 557,000, whereas this number includes an estimate of Maldives’ large resident population of undocumented expatriate workers. Over 227,000 live in the Greater Male’ Area alone. The population density in Male’ City is vastly higher than any of the other islands in the country. It is, therefore, important that the country’s COVID-19 risk status be assessed in light of this population density in the urban areas and the geographical dispersal of the cases in the country.

From April to July, the Maldives managed to contain cases within the first few weeks of the outbreak through swift and stringent measures. A gradual easing of measures was introduced in July to allow economic activity to resume. Similar to other countries, the easing of measures in Male’ has led to a rise in the number of cases, but strict inter-island travel restrictions remain in order to limit the spread of the virus to other islands.

Guesthouse tourism which was due to resume in August has also been delayed as an extra precaution. As a result of a resurgence in cases in Male’, additional restrictions have been implemented in the capital city and on travel from Male’ to other islands. Out of the remaining 188 inhabited islands, just 9 islands have active cases, with an average of one case in each of those islands. Presently, a select number of resorts and liveaboards are open for tourism.

Tourism is the backbone of the Maldives’ economy and accounts for a majority share of employment for the Maldivian labor force. The industry’s roots have spread to the very heart of the island homes of the Maldives. Tourism also contributes to over a quarter of the country’s GDP and is the source of over two-thirds of the country’s foreign currency income.

Feature image by Reuters
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MIC Group Appoints Mohamed Nisham as Chief Financial Controller

Chief Financial Controller Mohamed Nisham Joins MIC Group

MIC Group announces the appointment of Mohamed Nisham as its new Chief Financial Controller, a strategic move aimed at enhancing the company’s financial operations. Nisham, a seasoned professional in financial management within the hospitality sector, brings significant expertise in areas such as financial strategy, automation, and improving operational processes. In his new role, he will oversee the financial operations across all business divisions, working to ensure both growth and financial stability for the company.

Ali Shakir, Group General Manager at MIC Group, expresses his enthusiasm about the appointment, commenting:

“At MIC Group, we uphold a strong commitment to operational excellence, and Nisham’s appointment further strengthens our dedication to financial discipline and innovation. His proven expertise in financial automation and strategic budgeting will play a crucial role in optimizing our financial performance and driving sustainable growth.”

Nisham holds an MBA in Accounting & Finance from the University of Suffolk and has built a remarkable career in financial leadership within the luxury hospitality industry in the Maldives. His experience includes expertise in financial planning, cost control, and regulatory compliance. Prior to this role, Nisham served as the Financial Controller at Oaga Art Resort, where he played a key role in enhancing the resort’s financial structure. Additionally, his previous positions at Amilla Maldives and Anantara Kihavah Villas further highlight his skill in managing finances at high-profile luxury properties.

Sharing his thoughts on his new role, Nisham remarks:

“I am thrilled to be part of MIC Group and contribute to its ongoing growth and financial excellence. My focus will be on optimizing financial strategies, enhancing operational efficiency, and ensuring long-term sustainability. I look forward to collaborating with the talented team to refine our operations and create exceptional value.”

Known for its world-class service in the hospitality and catering sectors, MIC Group operates the Maldives Inflight Kitchen and provides catering for a range of international airlines and private jets. Additionally, the group manages Hulhule Island Hotel, the only hotel located at Velana International Airport, and Madifushi Private Island Maldives in Meemu Atoll.

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