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,...

First Ever ATM in Kamadhoo: President Muizzu’s Baa Atoll Visit Marks a Step Toward Financial Independence

When President Dr Mohamed Muizzu pressed a few buttons and made the first cash withdrawal from the brand-new Bank of Maldives Self Service Banking...

Opportunity for Maldivian Businesses to Showcase at Pakistan Handmade Carpet Exhibition 2025

Applications are now open for Maldivian businesses interested in participating in the 41st Pakistan International Handmade Carpet Exhibition 2025. The exhibition is scheduled to be...

Maldives Sees 11.5 Percent Growth in July Tourist Arrivals

The Maldives has recorded a significant increase in the number of tourists arriving in the Maldives in July this year compared to the same...

Sign-ups begin for BML Wow Kids Run 2025

Registration has opened for the 2025 BML Wow Kids Run, an annual children’s running event organised by Bank of Maldives (BML) in collaboration with...

CA Maldives Tips Auditors Forum to Shape Future of Audit Profession

The first Auditors Forum has received a better response than expected, Chartered Accountants of the Maldives (CA Maldives) President Mohamed Haleem Abdulla has said,...

Cabinet approves sale of Government stake in SME Development Finance Corporation to Bank of Maldives

The Cabinet has approved the sale of the Government's stake in the SME Development Finance Corporation (SDFC) to the Bank of Maldives (BML). This strategic...

Maldives Must Continue Promoting Investment Opportunities, Says Economic Minister

The Minister of Economic Development and Trade, Mohamed Saeed has emphasised the importance of consistently promoting and marketing investment opportunities in the Maldives. In a...

Riyadh Expo 2030 hosts reception in Osaka to boost international cooperation

Riyadh Expo 2030, in collaboration with the Kingdom’s Embassy in Japan, hosted a reception in Osaka on Thursday to highlight Saudi Arabia’s readiness and...

Global automakers eye deeper role in China’s smart supply chains

As global supply chains undergo digital transformation, major automakers are looking to deepen their integration into China's advanced manufacturing and smart supply chain systems. At...

Intangible heritage fuels growth and creativity in central China

In a factory workshop in Huangchuan County, central China's Henan Province, nimble hands stretch strands of dough with practiced precision. The threads are kneaded, twisted,...

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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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