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,...

State records increase in revenue so far this year

The Ministry of Finance has recorded an increase in state revenue so far this year compared to last year. The Weekly Fiscal Development Report released...

BCC assists over 6,000 SMEs so far

Business Center Corporation (BCC) has released a statement commemorating its 7th anniversary, which highlighted that the corporation has assisted over 6,000 small and medium...

Efforts are underway to develop Fisheries College

Maldives National University (MNU) has announced that opportunities for students to enroll for the August intake in the Fisheries College. The initiative aims to...

Gov’t disburses USD 59 million to fishermen to date

The government has disclosed that approximately USD 59 million has been disbursed to fishermen since President Dr. Mohamed Muizzu assumed office. During a public forum...

IsDB discusses Islamic finance in Maldives

The Islamic Development Bank Institute (IsDB) has held discussions on the development and promotion of Islamic finance in the Maldives. The talks were held during...

FDC celebrates World Day for Safety and Health at Work

Fahi Dhiriulhun Corporation Limited (FDC) has celebrated World Day for Safety and Health at Work, underscoring its commitment to workplace safety. The event was attended...

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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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