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,...

Bank of Maldives Honoured by Mastercard for Driving Digital Transformation

Bank of Maldives (BML) has been recognised by Mastercard for its instrumental role in advancing the Maldives’ digital economy through the Digital Country Partnership...

Atlantis The Royal to Make Waves in the Maldives with Landmark Dual-Island Resort

Assets Group and Kerzner International Holdings Limited have officially announced the signing of a landmark development: Atlantis The Royal, Maldives. Set to open in...

Bank of Maldives launches new USD services at Hanimaadhoo International Airport

The Bank of Maldives (BML) has launched a new USD ATM and USD counter at the redeveloped Hanimaadhoo International Airport, giving travellers in the...

Bank of Maldives Launches ‘Dhiveheenge Bank – Mulhi Raajje ah’ Campaign, Reinforces National Commitment

Bank of Maldives (BML), the country’s leading financial institution, has today unveiled its latest corporate campaign, ‘Dhiveheenge Bank – Mulhi Raajje ah’, reaffirming its...

Bank of Maldives Posts Strong Q3 Results with Double-Digit Growth

Bank of Maldives (BML) has reported another quarter of solid financial performance, underlining its position as the country’s leading financial institution. For the third...

Stelco’s Dhiffushi Plant Opens in Record Time, Tripling Energy Capacity

President Mohamed Muizzu has inaugurated a new powerhouse developed by the State Electric Company Limited (Stelco) on K. Dhiffushi, marking a significant step forward...

Government Revenue Surpasses MVR 30 Billion Mark by Mid-October

The Ministry of Finance and Planning has announced that the Maldivian State has received over MVR 30 billion in revenue and grants as of...

Bank of Maldives Announces Recipients of BML Scholarship Fund 2025

The Bank of Maldives (BML) has announced the recipients of the BML Scholarship Fund 2025, a prestigious, fully funded programme designed to support exceptional...

Maldives’ Official Reserves Climb to USD 976 Million

The Maldives’ official reserves have risen by six per cent, reaching USD 976 million at the end of last month, according to the Maldives...

PayPal Set to Launch Services in the Maldives Through Partnership with Ooredoo Fintech

The Maldives is on the brink of a major digital milestone, as Minister of Economic Development and Trade Mohamed Saeed confirmed that the system...

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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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