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The Villa Group is one of the largest business entities in the Maldives . The holding company Villa Shipping and Trading Company Pvt. Ltd is a private conglomerate which is amongst the largest private business in the Maldives with major operations in Shipping, Import and Export, General Trade and Tourism, fishing, media, communication, transport and education related Businesses. Foundation of Villa Group can be traced back to 1986 when Qasim Ibrahim registered a Shipping and Trading company named 'Villa', the common trade name.

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69-523: In 1976 Qasim Ibrahim set up his own trading business and traded in commodities such as rice, tobacco, diesel and kerosene, which proved to be profitable, and the business experienced rapid growth. He later expanded his business with a small loan of USD 2,000 from State Bank of India (SBI), which is still his primary banker. After four years, Qasim was able to purchase his first shipping vessel, an old fishing vessel converted to carry cargo and oil, to facilitate oil imports. By April 14, 1986, Qasim's business

138-563: A 1430 trip through the Jura Mountains . In China, 'travel record literature' ( 遊記文學 ; yóujì wénxué ) became popular during the Song Dynasty (960–1279). Travel writers such as Fan Chengda (1126–1193) and Xu Xiake (1587–1641) incorporated a wealth of geographical and topographical information into their writing, while the 'daytrip essay' Record of Stone Bell Mountain by the noted poet and statesman Su Shi (1037–1101) presented

207-634: A close ally of president Abdulla Yameen . In September 2008, the Auditor General of the Maldives submitted a report to the People's Majlis which was published on the website of the Auditor General's office. It stated that the Villa Group had been found to be involved in the illicit trading of shares. In July 2010, State Minister of Finance Ahmed Assad stated in a President's Office Press Briefing that Maldives

276-461: A company that offered affordable day trip excursions to the masses , in addition to longer holidays to Continental Europe, India, Asia and the Western Hemisphere which attracted wealthier customers. By the 1890s over 20,000 tourists per year used Thomas Cook & Son . The relationship between tourism companies, transportation operators and hotels is a central feature of mass tourism. Cook

345-676: A country's current or former form of government can be decisive for tourism. For example, the fascination of the British royal family brings millions of tourists to Great Britain every year and thus the economy around £550 million a year. The Habsburg family can be mentioned in Central Europe. According to estimates, the Habsburg brand should generate tourism sales of 60 million euros per year for Vienna alone. The tourist principle "Habsburg sells" applies. Cultural and natural heritage are in many cases

414-523: A fully owned subsidiary of the Villa Group. Qasim Ibrahim Qasim Ibrahim (born 30 August 1951), also known as Burumaa Qasim , is a Maldivian politician , business magnate and philanthropist . As the chairman and founder of the Villa Group , he is one of the country's wealthiest businessmen, with a net worth of around MVR 18 billion. Ibrahim ran as a member of the Jumhooree Party in

483-630: A journey across Europe, as was in custom among Polish nobility. He travelled through territories of today's Germany, Belgium, the Netherlands, where he admired the siege of Breda by Spanish forces, France, Switzerland to Italy, Austria, and the Czech Republic . It was an educational journey and one of the outcomes was introduction of Italian opera in the Polish–Lithuanian Commonwealth . The custom flourished from about 1660 until

552-439: A large audience of tourists and many may not know they are participating in this form of tourism. This type of tourism has a low barrier to entry and is accessible to a large population. Ecotourism focuses on education, maintaining a social responsibility for the community and the environment, as well as centering economic growth around the local economy. Weaver describes ecotourism as sustainable nature-based tourism. Ecotourism

621-610: A major subsidiary to promote the Group's own resorts, Fun Island, Paradise Island, Sun Island, Holiday Island and Royal Island Villa Hotels Maldives. Villa Hotels, Tokyo and Villa Hotels, Hong Kong were established in 2001 and 2002 respectively. Some of Qasim's recent achievements in business include the completion of the Maamigili International Airport in Ari Atoll , and the formation and operation of Villa Air (Flyme) ,

690-733: A number of government committees and regional trade bodies, including: He resigned from his posts as the Minister of Finance and Treasury and as the Deputy Leader of the Dhivehi Rayyithunge Party (DRP) on 10 July 2008 to run in the first multi-party presidential elections in October 2008 as the candidate for the Jumhooree Party. Ibrahim joined the MDP-led coalition in the second round of

759-633: A paid-upfront-capital of DM 500,000. The company acts as a wholesaler of holiday vacation packages to the Maldives, an agent for sales of hotel rooms and air tickets , and as an international vehicle for acquiring and trading tourism related properties and real estate such as hotels and resorts. It has since become a major subsidiary promoting the group's own resorts Fun Island, Paradise Island, Sun Island, Holiday Island and Royal Island. Villa Hotels, Tokyo and Villa Hotels, Hong Kong were established in 2001 and 2002 respectively. Ibrahim has also funded many infrastructure projects in several islands across

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828-545: A person's local area for leisure was largely confined to wealthy classes, who at times travelled to distant parts of the world, to see great buildings and works of art, learn new languages , experience new cultures, enjoy pristine nature and to taste different cuisines . As early as Shulgi , however, kings praised themselves for protecting roads and building way stations for travellers. Travelling for pleasure can be seen in Egypt as early on as 1500 BC. Ancient Roman tourists during

897-492: A philosophical and moral argument as its central purpose. Modern tourism can be traced to what was known as the Grand Tour , which was a traditional trip around Europe (especially Germany and Italy ), undertaken by mainly upper-class European young men of means, mainly from Western and Northern European countries. In 1624, the young Prince of Poland , Ladislaus Sigismund Vasa , the eldest son of Sigismund III , embarked on

966-650: A popular form of water tourism . Leisure cruise ships were introduced by the P&;O in 1844, sailing from Southampton to destinations such as Gibraltar , Malta and Athens . In 1891, German businessman Albert Ballin sailed the ship Augusta Victoria from Hamburg into the Mediterranean Sea. 29 June 1900 saw the launching of the first purpose-built cruise ship was Prinzessin Victoria Luise , built in Hamburg for

1035-767: A popular global leisure activity. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes". The World Health Organization (WHO) estimates that up to 500,000 people are in flight at any one time. In 2010, international tourism reached US$ 919B, growing 6.5% over 2009, corresponding to an increase in real terms of 4.7%. In 2010, there were over 940 million international tourist arrivals worldwide. By 2016 that number had risen to 1,235 million, producing 1,220 billion USD in destination spending. The COVID-19 crisis had significant negative effects on international tourism significantly slowing

1104-454: A rally in Loughborough , eleven miles (18 km) away. On 5 July 1841, Thomas Cook arranged for the rail company to charge one shilling per person; this included rail tickets and food for the journey. Cook was paid a share of the fares charged to the passengers, as the railway tickets, being legal contracts between company and passenger, could not have been issued at his own price. This was

1173-656: A shallow interest in the cultures or locations visited. By contrast, traveller is often used as a sign of distinction. The sociology of tourism has studied the cultural values underpinning these distinctions and their implications for class relations. There are many varieties of tourism. Of those types, there are multiple forms of outdoor-oriented tourism. Outdoor tourism is generally categorized into nature, eco, and adventure tourism (NEAT). These categories share many similarities but also have specific unique characteristics. Nature tourism generally encompasses tourism activities that would take place outside. Nature tourism appeals to

1242-442: A specific center of interest which represents the core of the destination marketing mix and creates an overall visitor experience including emotional aspects for the potential customers. A tourism product is priced and sold through distribution channels and it has a life-cycle". Tourism product covers a wide variety of services including: International tourism is tourism that crosses national borders. Globalisation has made tourism

1311-470: A sustainable economy . Tourism has reached new dimensions with the emerging industry of space tourism , as well as the cruise ship industry. The English-language word tourist was used in 1772 and tourism in 1811. These words derive from the word tour , which comes from Old English turian , from Old French torner , from Latin tornare - "to turn on a lathe", which is itself from Ancient Greek tornos ( τόρνος ) - "lathe". In 1936,

1380-530: Is important to understand that these definitions may vary. Perceived risk in adventure tourism is subjective and may change for each individual. Examples of these tourism types. Nature tourism Ecotourism Adventure tourism According to the World Tourism Organization, a tourism product is: "a combination of tangible and intangible elements, such as natural, cultural, and man-made resources, attractions, facilities, services and activities around

1449-493: Is in addition to goods bought by tourists, including souvenirs . On the flip-side, tourism can degrade people and sour relationships between host and guest. Tourism frequently also puts additional pressure on the local environment. The economic foundations of tourism are essentially the cultural assets, the cultural property and the nature of the travel location. The World Heritage Sites are particularly worth mentioning today because they are real tourism magnets. But even

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1518-505: Is more specific than nature tourism and works toward accomplishing a specific goal through the outdoors. Finally, we have adventure tourism. Adventure tourism is the most extreme of the categories and includes participation in activities and sports that require a level of skill or experience, risk, and physical exertion. Adventure tourism often appeals less to the general public than nature and ecotourism and tends to draw in individuals who partake in such activities with limited marketing. It

1587-561: The Hotel Bristol , Hotel Carlton , or Hotel Majestic  – reflecting the dominance of English customers. A pioneer of the travel agency business, Thomas Cook 's idea to offer excursions came to him while waiting for the stagecoach on the London Road at Kibworth . With the opening of the extended Midland Counties Railway , he arranged to take a group of 540 temperance campaigners from Leicester Campbell Street station to

1656-589: The COVID-19 pandemic put an abrupt end to the growth. The United Nations World Tourism Organization estimated that global international tourist arrivals might have decreased by 58% to 78% in 2020, leading to a potential loss of US$ 0.9–1.2 trillion in international tourism receipts. Globally, international tourism receipts (the travel item in the balance of payments ) grew to US$ 1.03 trillion ( €740 billion) in 2005, corresponding to an increase in real terms of 3.8% from 2010. International tourist arrivals surpassed

1725-637: The Lascaux cave was rebuilt for tourists. Overtourism is an important buzzword in this area. Furthermore, the focus of UNESCO in war zones is to ensure the protection of cultural heritage in order to maintain this future important economic basis for the local population. And there is intensive cooperation between UNESCO, the United Nations , the United Nations peacekeeping and Blue Shield International . There are extensive international and national considerations, studies and programs to protect cultural assets from

1794-533: The League of Nations defined a foreign tourist as "someone traveling abroad for at least twenty-four hours". Its successor, the United Nations , amended this definition in 1945, by including a maximum stay of six months. In 1941, Hunziker and Kraft defined tourism as "the sum of the phenomena and relationships arising from the travel and stay of non-residents, insofar as they do not lead to permanent residence and are not connected with any earning activity." In 1976,

1863-617: The Republic would visit spas and coastal resorts such as Baiae . They were popular among the rich. The Roman upper class used to spend their free time on land or at sea and travelled to their villa urbana or villa maritima . Numerous villas were located in Campania , around Rome and in the northern part of the Adriatic as in Barcola near Trieste. Pausanias wrote his Description of Greece in

1932-442: The anti-Nasheed protests that began in early 2012 that ultimately led to Nasheed's resignation after pressure from police and the army on 7 February 2012. In 2023, Qasim Ibrahim was selected as the presidential primary for the Jumhooree Party to contest for the 2023 Maldivian presidential election . This time, the Jumhooree Party ran without a coalition, marking the first time. Qasim selected his running mate as Ameen Ibrahim. At

2001-471: The archipelago , most notably in constructing new harbors , schools and mosques . He is currently working on setting up a fully-operational General Hospital on Maamigili Island, which will feature the first dedicated cancer treatment facility in the country. Ibrahim was first elected as a Member of the Maldivian Parliament in 1989 . In addition, he has held and still holds various other posts in

2070-408: The cement trade, and media/communication as well as general trading as the sole Maldivian distributor of international products. Shell and Agfa are among the brand names represented by Villa in the Maldives. The shareholders of the holding company, Villa Shipping & Trading Company Private Limited (VSTC) are Qasim Ibrahim and one of his wife, Rabia Hussain, who respectively hold 95% and 5% of

2139-515: The service sector of the economy associated with tourism. It is also claimed that travel broadens the mind. The hospitality industries which benefit from tourism include transportation services (such as airlines , cruise ships , transits , trains and taxicabs ); lodging (including hotels , hostels , homestays , resorts and renting out rooms); and entertainment venues (such as amusement parks , restaurants , casinos , festivals , shopping malls , music venues , and theatres ). This

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2208-574: The European continent. Leisure travel was associated with the Industrial Revolution in the United Kingdom  – the first European country to promote leisure time to the increasing industrial population. Initially, this applied to the owners of the machinery of production, the economic oligarchy, factory owners and traders. These comprised the new middle class . Cox & Kings

2277-571: The Hamburg America Line. Mass tourism and its tourist attractions have emerged as among the most iconic demonstration of western consumer societies. Academics have defined mass tourism as travel by groups on pre-scheduled tours, usually under the organization of tourism professionals. This form of tourism developed during the second half of the 19th century in the United Kingdom and was pioneered by Thomas Cook . Cook took advantage of Europe's rapidly expanding railway network and established

2346-567: The Maldivian government's Bodu Store, now known as the State Trading Organization . Two years later, in 1976, he set up his own trading business in commodities such as rice , tobacco , diesel , and kerosene , which proved to be profitable. The business experienced rapid growth. He later expanded his business with a small loan of US $ 2,000 from State Bank of India (SBI), which is still his primary banker. After four years, Ibrahim

2415-618: The Maldivian media that the Majlis member in question was Qasim Ibrahim. In February 2013, Qasim Ibrahim, as the Parliament's representative to the Judicial Service Commission (JSC), accused UN Special Rapporteur on Independence of Judges and Lawyers Gabriela Knaul of lying and joking about the state of the Maldivian judiciary system. Knaul's statements highlighted that the JSC – mandated with

2484-604: The Tourism Society of England's definition was: "Tourism is the temporary, short-term movement of people to destinations outside the places where they normally live and work and their activities during the stay at each destination. It includes movements for all purposes." In 1981, the International Association of Scientific Experts in Tourism defined tourism in terms of particular activities chosen and undertaken outside

2553-716: The United States. Cook established "inclusive independent travel", whereby the traveller went independently but his agency charged for travel, food, and accommodation for a fixed period over any chosen route. Such was his success that the Scottish railway companies withdrew their support between 1862 and 1863 to try the excursion business for themselves. The tourism industry, as part of the service sector , has become an important source of income for many regions and even for entire countries. The Manila Declaration on World Tourism of 1980 recognized its importance as "an activity essential to

2622-670: The West ( c.  1592 ), which holds a seminal place in Chinese literature , has a Buddhist pilgrimage at the center of its narrative. In medieval Italy , Petrarch wrote an allegorical account of his 1336 ascent of Mont Ventoux that praised the act of travelling and criticized frigida incuriositas (a 'cold lack of curiosity'); this account is regarded as one of the first known instances of travel being undertaken for its own sake. The Burgundian poet Michault Taillevent  [ fr ] later composed his own horrified recollections of

2691-420: The absolute basis for worldwide tourism. Cultural tourism is one of the megatrends that is reflected in massive numbers of overnight stays and sales. As UNESCO is increasingly observing, the cultural heritage is needed for tourism, but also endangered by it. The "ICOMOS - International Cultural Tourism Charter" from 1999 is already dealing with all of these problems. As a result of the tourist hazard, for example,

2760-522: The advent of large-scale rail transit in the 1840s and generally followed a standard itinerary . It was an educational opportunity and rite of passage . Though primarily associated with the British nobility and wealthy landed gentry , similar trips were made by wealthy young men of Protestant Northern European nations on the Continent , and from the second half of the 18th century some South American, US, and other overseas youth joined in. The tradition

2829-624: The appointment, transfer and removal of judges – was unable to perform its constitutional duty adequately in its current form. Her comment was among a number of preliminary observations on the Maldives’ judiciary and wider legal system following an eight-day fact-finding mission. While Qasim Ibrahim was Finance Minister, there were rumors regarding the nature of the European Investment Bank's (EIB) investment in Maldivian tourism. The European Investment Bank had invested € 50,000,000 to support

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2898-520: The brand names represented by Villa in the Maldives. The shareholders of the holding company, Villa Shipping & Trading Company Private Limited (VSTC) are Qasim Ibrahim and his wife Rabia Hussain, holding 95% and 5% respectively. For strategic reasons, Villa Shipping (Singapore) Pte Limited was incorporated in Singapore on December 19, 1991, a 100% subsidiary. The paid up capital by Villa Shipping (Singapore) now stands at S$ 500,000. On 23 July 1997, with

2967-442: The commercial activity of providing and supporting such travel. UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only", as people "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure and not less than 24 hours, business and other purposes". Tourism can be domestic (within

3036-508: The company's shares. For strategic reasons, Villa Shipping (Singapore) Pte Limited was incorporated in Singapore on 19 December 1991 as a subsidiary of Villa. The capital paid upfront by Villa Shipping (Singapore) now stands at $ 500,000. On 14 July 1996, with the primary objective of promoting Villa resorts, Villa Holidays Touristik GmbH opened in Frankfurt , Germany and was incorporated with

3105-552: The development of tourism after the 2004 Indian Ocean tsunami . According to the ECD in Colombo , there was no co-ordination between the EIB and the ECD during the design stage of the loans. Only after the ECD reported indications of misuse of money to EIB were some consultations held. Overall co-ordination between EIB and ECD is very limited. Tourism Tourism is travel for pleasure, and

3174-399: The effects of tourism and those from war. In particular, it is also about training civilian and military personnel. But the involvement of the locals is particularly important. The founding president of Blue Shield International Karl von Habsburg summed it up with the words: "Without the local community and without the local participants, that would be completely impossible'. Cruising is

3243-412: The election day, Qasim received 5460 votes and didn't qualify for the runoff election. Senior members of JP has expressed support for President Solih during the runoff election. In 2024, Qasim was the only member from his party to get a spot in the 2024 Maldivian parliamentary election . Ibrahim has been imprisoned for political reasons both during Gayoom's regime as well as Nasheed's brief reign. He

3312-399: The elections and helped Mohamed Nasheed secure a historic victory and bring an end to the thirty-year rule of Maumoon Abdul Gayoom . Ibrahim initially joined President Nasheed's government as Minister for Home Affairs but resigned 20 days later, citing his dislike of President Nasheed's privatization policies. He became vocally opposed to Nasheed's government and was accused of having funded

3381-495: The first privately chartered excursion train to be advertised to the general public; Cook himself acknowledged that there had been previous, unadvertised, private excursion trains. During the following three summers he planned and conducted outings for temperance societies and Sunday school children. In 1844, the Midland Counties Railway Company agreed to make a permanent arrangement with him, provided he found

3450-423: The home. In 1994, the United Nations identified three forms of tourism in its Recommendations on Tourism Statistics : Other groupings derived from the above grouping: The terms tourism and travel are sometimes used interchangeably. In this context, travel has a similar definition to tourism but implies a more purposeful journey. The terms tourism and tourist are sometimes used pejoratively, to imply

3519-504: The life of nations because of its direct effects on the social, cultural, educational, and economic sectors of national societies, and on their international relations." Tourism brings large amounts of income into a local economy in the form of payment for goods and services needed by tourists, accounting as of 2011 for 30% of the world's trade in services, and, as an invisible export , for 6% of overall exports of goods and services. It also generates opportunities for employment in

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3588-543: The milestone of 1 billion tourists globally for the first time in 2012. Emerging source markets such as China , Russia , and Brazil had significantly increased their spending over the previous decade. Global tourism accounts for c. 8% of global greenhouse-gas emissions. Emissions as well as other significant environmental and social impacts are not always beneficial to local communities and their economies. For this reason, many tourist development organizations have begun to focus on sustainable tourism to mitigate

3657-548: The negative effects caused by the growing impact of tourism. The United Nations World Tourism Organization emphasized these practices by promoting tourism as part of the Sustainable Development Goals , through programs like the International Year for Sustainable Tourism for Development in 2017, and programs like Tourism for SDGs focusing on how SDG 8 , SDG 12 and SDG 14 implicate tourism in creating

3726-472: The overall increasing trend. International tourism has significant impacts on the environment , exacerbated in part by the problems created by air travel but also by other issues, including wealthy tourists bringing lifestyles that stress local infrastructure, water and trash systems among others. Tourism typically requires the tourist to feel engaged in a genuine experience of the location they are visiting. According to Dean MacCannell, tourism requires that

3795-476: The passengers. This success led him to start his own business running rail excursions for pleasure, taking a percentage of the railway fares. In 1855, he planned his first excursion abroad, when he took a group from Leicester to Calais to coincide with the Paris Exhibition . The following year he started his "grand circular tours" of Europe. During the 1860s he took parties to Switzerland, Italy, Egypt, and

3864-486: The presidential elections of 2013, but lost in the first round. He is also the leader of the party. He also competed for presidential elections of 2023; and lost. In 1969, Ibrahim began work as a clerk at the government hospital in Malé . In 1973, he left the hospital to work as a manager at M/S Alia Furniture Mart. He also worked temporarily for Crescent, a government trading organization. In 1974, Ibrahim joined an outlet of

3933-442: The primary objective of promoting Villa Resorts, opened in Frankfurt , Germany . Villa Holidays Touristik GmbH was incorporated with a paid-up capital of DM500,000,000. The company acts as a wholesaler for holiday packages to the Maldives, an agent for sales of hotel rooms, sale of air tickets, and a vehicle for acquiring and trading of tourism related properties and real estate such as hotels and resorts worldwide. It has since become

4002-603: The roots of Western civilization . With nearly unlimited funds, aristocratic connections and months (or years) to roam, they commissioned paintings , perfected their language skills and mingled with the upper crust of the Continent. The primary value of the Grand Tour, it was believed, laid in the exposure both to the cultural legacy of classical antiquity and the Renaissance , and to the aristocratic and fashionably polite society of

4071-438: The second century AD. In ancient China , nobles sometimes made a point of visiting Mount Tai and, on occasion, all five Sacred Mountains . By the post-classical era, many religions, including Christianity , Buddhism , and Islam had developed traditions of pilgrimage . The Canterbury Tales ( c.  1390s ), which uses a pilgrimage as a framing device , remains a classic of English literature , and Journey to

4140-463: The supremacy of classic art of which Italy, France, and Greece provide excellent examples. For these reasons, the Grand Tour's main destinations were to those centers, where upper-class students could find rare examples of classic art and history. The New York Times recently described the Grand Tour in this way: Three hundred years ago, wealthy young Englishmen began taking a post- Oxbridge trek through France and Italy in search of art, culture and

4209-419: The tourist can view the toured area as both authentic and different from their own lived experience. By viewing the "exotic," tourists learn what they themselves are not: that is, they are "un-exotic," or normal. According to MacCannell, all modern tourism experiences the "authentic" and "exotic" as "developmentally inferior" to the modern—that is, to the lived experience of the tourist. Travel outside

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4278-407: The traveller's own country) or international , and international tourism has both incoming and outgoing implications on a country's balance of payments . Tourism numbers declined as a result of a strong economic slowdown (the late-2000s recession ) between the second half of 2008 and the end of 2009, and in consequence of the outbreak of the 2009 H1N1 influenza virus , but slowly recovered until

4347-528: Was able to offer prices that were below the publicly advertised price because his company purchased large numbers of tickets from railroads. One contemporary form of mass tourism, package tourism , still incorporates the partnership between these three groups. Travel developed during the early 20th century and was facilitated by the development of the automobiles and later by airplanes. Improvements in transport allowed many people to travel quickly to places of leisure interest so that more people could begin to enjoy

4416-455: Was able to purchase his first shipping vessel, an old fishing boat converted to carry cargo and oil , to facilitate oil imports. By 14 April 1986, Ibrahim's business was registered under the name of Villa Shipping and Trading Company Limited (Villa). Since then, the company has diversified its business, gaining a substantial market share in diverse Maldivian industries including tourism , transport , construction , manufacturing , gas ,

4485-687: Was arrested in 2009 on suspicion that he was bribing MPs to vote against the government of President Nasheed. He was later released without charge. He is currently representing the Maamigili Constituency in the Maldives Parliament . Qasim Ibrahim was arrested for speaking against the government on rally held by the Maldives United Opposition. He was accused of leading a failed bid in March to impeach Speaker Abdulla Maseeh Mohamed ,

4554-479: Was extended to include more of the middle class after rail and steamship travel made the journey easier, and Thomas Cook made the "Cook's Tour" a byword. The Grand Tour became a status symbol for upper-class students in the 18th and 19th centuries. In this period, Johann Joachim Winckelmann 's theories about the supremacy of classic culture became very popular and appreciated in the European academic world. Artists, writers, and travellers (such as Goethe ) affirmed

4623-405: Was facing hurdles in borrowing money internationally because of a specific Majlis member who was borrowing large sums of money and lowering the country's credit rating . It was stated that this Member has made a request to the government to give him a ‘letter of no objection’ to borrow another large sum. Though the Minister refused to name the Majlis member at the conference, it was widely assumed in

4692-406: Was registered under the name of Villa Shipping and Trading Company Limited (Villa). Since then, the company has diversified its business with substantial national share in diverse industries such as tourism, transport, construction, manufacturing, Gas, Cement trade, Media and Communication, in addition to general trading, with Sole Distributorships of international products. Shell and Agfa are among

4761-541: Was the first official travel company to be formed in 1758. The British origin of this new industry is reflected in many place names. In Nice , France, one of the first and best-established holiday resorts on the French Riviera , the long esplanade along the seafront is known to this day as the Promenade des Anglais ; in many other historic resorts in continental Europe , old, well-established palace hotels have names like

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