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,...

Maldives on China’s May Fuel Export List as Beijing Eases, but keeps Hormuz-Era Curbs

Beijing has cleared half a million tons of refined fuel for export to eight Asia-Pacific countries in May, with the Maldives named on the...

India’s Major Airlines Warn of Operational Collapse – A crisis in Indian aviation could land close to home.

Three of India's biggest airlines — Air India, IndiGo and SpiceJet — have issued a stark warning to the government in New Delhi: the...

Floating solar is here. What other PV options could power the Maldives?

Last week brought a milestone Maldivian energy planners have been working toward for years. Swimsol, the Austria-based marine solar specialist, switched on a 2.4...

Qatar Airways Resumes Flights to Maldives After Middle East Suspension

The airline will operate five weekly flights between Malé and Doha, restoring a critical air corridor for tourists, cargo, and perishable imports following disruption...

Maldives Fuel Prices Surge Amid Middle East Tensions

Fuel prices at outlets run by Fuel Supply Maldives have been increased starting 05 March 2026, a move analysts link to turbulence in global...

Moody’s Changes Maldives’ Outlook to Stable – Maintains Rating

Moody's has maintained the Maldives’ ratings at Caa2 and changed the outlook from negative to stable. The change to a stable outlook, according to...

Dar Global and The Trump Organization Announce Landmark Hospitality Project in the Maldives

Dar Global, the London-listed luxury real estate developer, and The Trump Organization have announced two historic milestones that are set to transform the global...

Google Unveils ‘Dhivaru’ Subsea Cable and New Connectivity Hubs in Major Boost for Indian Ocean Digital Links

Google has announced a significant expansion of its global digital infrastructure with the launch of Dhivaru, a new trans-Indian Ocean subsea cable system set...

Bank of Maldives signs deal to develop 3,000 homes under national affordable housing scheme

Bank of Maldives (BML) has signed an agreement with the Ministry of Construction, Housing and Infrastructure to secure land in Hulhumalé Phase 1 and...

Dhiraagu Inaugurates Third Data Centre in N. Velidhoo, Strengthening National Digital Infrastructure

Dhiraagu has officially inaugurated its third data centre in N. Velidhoo, marking a significant milestone in the company’s ongoing efforts to enhance the Maldives’...

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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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