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,...

Road work to occur only under supervision of company technician: Fenaka

Fenaka Corporation Limited has emphasised that road development work should only proceed under the supervision of a technical employee from the company. The request...

The President visits Google Office in New York

President His Excellency Dr Mohamed Muizzu visited the Google Office in New York, where he was welcomed by Google Public Sector CEO Karen Dahut. Following...

Over 50% of vessels registered in National Fishermen’s Register

The Ministry of Fisheries and Ocean Resources has announced that more than 50% of vessels have now been registered in the National Register of...

Fenaka reduces expenditures by 60%

Fenaka Corporation Limited has announced a significant reduction in its expenditure over the past eight months, reporting a decrease of 60% compared to the...

Fisheries Ministry hands over ice plant development in two islands to MIFCO

The Ministry of Fisheries and Ocean Resources has signed an agreement with the Maldives Industrial Fisheries Company Limited (MIFCO), to hand over the establishment...

Development of three fish processing plants will begin this year: Fisheries Minster

Minister of Fisheries and Ocean Resources, Ahmed Shiyam has announced that the development of fish processing plants in three regions of the Maldives will...

MSS expands feeder service to Indonesia

Maldives State Shipping (MSS) has decided to launch its new feeder service to Indonesia, enhancing its operational reach in the region.This service will connect...

DBM’s Chairperson and CEO holds fruitful talks with the President

The Chairperson Aruni Goonetilleke and CEO Noel Gregor Paterson-Jones of the Development Bank of Maldives Limited (DBM) has held a fruitful discussion with President...

Maldives-China currency settlement discussions ongoing

Minister of Economic Development and Trade Mohamed Saeed has held discussions with the People's Bank of China to explore ways to facilitate trade using...

Gov’t opens opportunity to participate in Kandu Roadi Ufaa Festival

The Ministry of Fisheries and Ocean Resources has announced that registration is now open for the "Kandu Roadi Ufaa" festival, organised to celebrate World...

MOST READ

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...
Advertisementspot_img