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,...

The U.S. tariff tantrum: A self-defeating trade war

Editor's note: Xin Ping is a commentator on international affairs, writing regularly for Xinhua News Agency, CGTN, Global Times, China Daily, etc. The article reflects...

Economic Minister Heads to Türkiye to Enhance Trade Partnerships

Minister of Economic Development and Trade, Mohamed Saeed has departed on an official visit to Türkiye to boost economic ties between the two countries. According...

Trump’s abuse of tariffs unsettles ‘staunch allies, die-hard fans’

On April 9, U.S. President Donald Trump announced a 90-day pause for countries hit by higher U.S. tariffs. In a dramatic change of policy, just...

President attends official signing of second additional loan agreement for VIA expansion

President Dr Mohamed Muizzu has attended the official signing with Saudi Fund for Development (SFD), for the second additional loan agreement for the expansion...

China issues 9.78 trillion yuan in new loans in first three months

China issued 9.78 trillion yuan (1.36 trillion U.S. dollars) in new yuan-denominated loans in the first three months of 2025, central bank data showed...

Chinese, Indonesian presidents exchange congratulations on 75th anniversary of ties

Chinese President Xi Jinping on Sunday exchanged congratulations with Indonesian President Prabowo Subianto over the 75th anniversary of diplomatic ties between the two countries. In...

Maldives Sees 300 Percent Hike in Sea to Air Cargo Transshipments

Velana International Airport (VIA) has seen a 300 percent increase in sea to air cargo transshipments in the past few months, the airport operator,...

Why are U.S. tariff hikes self-defeating?

Despite widespread criticism and high volatility in U.S. stock markets after tariff hikes, the White House clarified on Thursday that the total effective tariff...

Beijing projects fully large-scale 5G applications by 2027

Beijing will achieve large-scale 5G application and comprehensive 5G integration across industries by the end of 2027, positioning itself as a leading national benchmark...

Trump’s “reciprocal tariffs” a manifestation of Washington’s modern-day piracy

Beneath Washington's relentless trade practices lies a deeper truth: the enduring legacy of a piratical past, now institutionalized as policy and disguised in rhetoric...

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...
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