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,...

ITB Berlin 2025: A Crucial Boost for Maldives Tourism, Says Minister Ibrahim

The Internationale Tourismus-Börse (ITB) Berlin 2025 has been acclaimed as a significant triumph, serving as a vital forum to bolster tourist arrivals to the...

Dhiraagu wins award for fastest 5G network in Maldives

Dhiraagu has been recognised as the provider of the fastest 5G network in the Maldives, winning the Speedtest Awards presented by Ookla, a global...

Visam to Remain on MIFSA Board Despite Stepping Down as Registrar

Mariyam Visam will continue to serve on the governing board of Maldives International Financial Service Authority (MIFSA) despite stepping down as the Registrar of...

Maldives Explores Deeper Tourism Collaborations on ITB Sidelines

Minister of Tourism and Environment, Thoriq Ibrahim has met with several key travel and tourism firms on the sidelines of the ongoing ITB Berlin...

The President urges the people to see Ramadan as a golden opportunity to resolve issues with loved ones and align their actions

President Dr Mohamed Muizzu urged the people to view this Ramadan as a golden opportunity to align their actions, take pride in their Muslim...

Economic Minister Says President’s Efforts Driving Maldivian Fish Exports as Ensis Pvt Ltd Signs China Deal

The Minister of Economic Development and Trade Mohamed Saeed has stated President Dr Mohamed Muizzu’s efforts to promote Maldivian products in the international market...

Panama pulls out of China’s Belt and Road Initiative: President Mulino

Panama formally pulled out of China's massive Belt and Road infrastructure programme, following pressure from the United States to reduce Beijing's influence on the...

EU slams ‘unjustified’ Trump tariffs, vows tough response

European Union chief Ursula von der Leyen has vowed that US tariffs on steel and aluminium “will not go unanswered,” adding that they will...

World Bank to loan Pakistan $20B for economic and climate goals

Pakistan's Prime Minister Shehbaz Sharif stated the funds will address child nutrition, clean energy, and education. The World Bank plans to loan cash-strapped Pakistan $20...

US top court upholds law banning TikTok if not sold by ByteDance

In a unanimous decision, the court backed a bipartisan law citing national security risks tied to TikTok's Chinese ownership, leaving its future uncertain as...

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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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