Business

Fitch Upgrades Maldives Credit Rating to ‘CCC-‘ After Sukuk Repayment Eases Default Risk

Fitch Ratings raised the Maldives' long-term foreign-currency credit rating to 'CCC-' from 'CC' on Wednesday, signaling that the threat of an imminent default has...

Naagoashi resort development accelerates as mockup rooms near completion

Development work on the tourist resort of Naagoashi in the Haa Dhaalu Atoll is advancing rapidly, Ahmed Niyaz, the Managing Director of the Maldives...

Maldives Pushes to Seal Free Trade Pact With India by End of 2026, Says Foreign Minister Iruthisham Adam

Maldives Foreign Minister Iruthisham Adam has signalled a firm push to conclude a long-anticipated Free Trade Agreement with India before the close of 2026,...

Government Launches Two-Day Forum in Addu to Tackle Business Barriers and Chart Southern Economic Strategy

The Ministry of Economic Development, Transport and Trade opened the Addu Business Dialogue this week, a two-day forum bringing together private sector operators and...

Economic growth requires unified effort across political divides, says Minister Saeed

Minister of Economic Development, Transport and Trade Mohamed Saeed has called for collective action across political lines to advance the Maldives' economy, saying meaningful...

Maldives Hosts 30th Session of the Indian Ocean Tuna Commission for the First Time

The Maldives today opened the 30th Session of the Indian Ocean Tuna Commission (IOTCS30), marking the first time the country has hosted a session...

UAE Eid Al Adha Break Could Offer Boost for Maldives Tourism Amid Slower Months

The Maldives is among the destinations expected to benefit from a wave of outbound travel from the United Arab Emirates during the upcoming Eid...

Maldives Moves to Open Economy to Sustainable Investment Under New Reform Push

President Dr Mohamed Muizzu has said the Maldives is working to position itself as an open destination for sustainable investment and to build a...

President Muizzu Underscores Private Sector’s Central Role in Maldives’ Economic Future

President Dr Mohamed Muizzu delivered the keynote address at the Maldives–Sri Lanka Business Forum held in Colombo today, where he highlighted the indispensable role...

Minister Affirms Thilamale’ Bridge Quality, Targets Full Completion by End of 2027

Minister of Construction and Infrastructure Dr Abdulla Muthalib has affirmed that there is no cause for concern regarding the quality of the Thilamale' Bridge,...

Strengthening Economic Ties: The 2026 Maldives–Sri Lanka Business Forum

Maldivian and Sri Lankan leaders convened in Colombo to bolster bilateral trade, investment, and strategic economic collaboration. On May 5, 2026, the Maldives and Sri...

Sri Lanka’s President calls Maldives a key economic partner as two nations deepen ties

Dissanayake spoke at a joint press conference in Colombo during President Muizzu's official visit to Sri Lanka, where both sides signed agreements across seven...

Maldivian Aviation Sector Under Strain: Manta Air Joins TMA in Implementing Salary Cuts as Regional Conflict Hits Tourism

Manta Air has become the latest Maldivian carrier to introduce temporary salary cuts as the country's aviation sector buckles under the weight of a...

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Maldives Sees Rise in Resort, Safari Occupancy

Statistics have shown that resort occupancy rates increased in...

Maritime, Aviation Development Key to Tourism Growth, says MACL Chief

The growth of the tourism sector is dependent on...

Minister Urges More Oversight from Four Pillars of Gov’t, People to Strengthen Decentralised Governance

The Minister of Cities, Local Government and Public Works,...

2025 to be a year of development project launches and economic recovery: The President

President Dr Mohamed Muizzu has stated that 2025 will...

Maldives Sends Condolences to Vanuatu Following Devastating Earthquake

Minister of Foreign Affairs Dr Abdulla Khaleel has sent...
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