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,...

Alibaba to Host E-Commerce Workshop for Maldivians

Global e-commerce leader Alibaba will host an online workshop for Maldivian entrepreneurs and e-commerce enthusiasts on 16 November, in collaboration with the Ministry of Economic Development...

Apple Launches iPhone 17, iPhone Air and Apple Watch Ultra 3

Apple has announced its latest range of devices, including the iPhone 17, the new iPhone Air, AirPods Pro 3 and updated Apple Watch models,...

Fiscal Stability Strengthened by Tourism and Spending Discipline

The Maldives recorded a fiscal surplus of MVR 534.6 million as of 28 August 2025, according to the Ministry of Finance’s latest Weekly Fiscal...

Shangri-La Enters a New Era with Kuok Hui Kwong at the Helm

A new chapter has begun for Shangri-La, the hotel group that helped define the idea of “Asian luxury.” The brand has announced Kuok Hui...

JW Marriott Maldives Kaafu Atoll Island Resort Welcomes Its Inaugural Festive Season in Paradise

This festive season, the JW Marriott Maldives Kaafu Atoll Island Resort will host its very first celebration since opening earlier this year. The resort...

Visit Maldives Corporation Supports Sea Turtle Conservation Initiative.

Visit Maldives Corporation (VMC) supports efforts to conserve sea turtles. They commend Muiz Mohamed, the Resort Manager at Cora Cora Maldives, and Justin Swart,...

The Untold Story of Beijing Urban Construction Group in the Maldives

On 15 September 2014, in the presence of the leadership of both the People’s Republic of China and the Republic of Maldives, Beijing Urban...

BML ATM Initiative Sees Drop in Customer Service from Branches

Bank of Maldives (BML) ATM initiative has led to a significant drop in the number of its customers seeking services from its branches, the...

Warm Welcome for BeOnd Airline’s Inaugural Flight to VIA’s New Terminal

BeOnd Airline on Saturday became the first luxury airline to dock at Velana International Airport (VIA)’s new international passenger terminal. The arrival of BeOnd Airlines...

Seaplane Operations to Begin in Kamadhoo to Boost Local Tourism

Kamadhoo is set to welcome seaplane operations for the first time, following the signing of an agreement between Maldivian and Hawks Hotels. The move...

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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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