Economy

President Sets Mid 2028 Target for Housing Access as Greater Malé Projects Advance

President Dr Mohamed Muizzu answers questions on housing policy at a press briefing at the President's Office in Malé on 7 September 2026.

AgroNat to Move Under MIFCO as Government Pushes Ten Citizen Owned Resorts

President Dr Mohamed Muizzu outlines economic diversification and tourism ownership plans at a press briefing at the President's Office in Malé on 7 September 2026.

GST Amendment Seeks to Tax Foreign Tourism Sales: What the Destination Principle Means for the Maldives

A guesthouse in the Maldives sells a room for the night. It charges GST, because the law requires it. A company in another country...

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...

Bangkok Airways and Air India Pause Maldives Flights as Fuel Crisis Reshapes Regional Aviation

The Maldives is facing renewed pressure on its air connectivity after two carriers, Bangkok Airways and Air India, suspended service on routes linking the...

UK Lifts Tuna Tariffs in Major Win for Maldives’ Sustainable Pole-and-Line Fishery

The United Kingdom has suspended import tariffs on tuna effective 20 May 2026, delivering a long-awaited boost to the Maldives' pole-and-line tuna industry and...

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,...

Government Launches Two-Day Forum in Addu to Tackle Business Barriers and Chart Southern Economic Strategy

The Ministry of Economic Development, Transport and Trade opened the Addu Business Dialogue this week, a two-day forum bringing together private sector operators and...

Maldives to revive recruitment agency system for foreign workers, minister says

The Maldives government is working to re-establish a regulated agency-based system for bringing foreign workers into the country, Minister of Homeland Security, Labour and...

Economic growth requires unified effort across political divides, says Minister Saeed

Minister of Economic Development, Transport and Trade Mohamed Saeed has called for collective action across political lines to advance the Maldives' economy, saying meaningful...

Maldives Hosts 30th Session of the Indian Ocean Tuna Commission for the First Time

The Maldives today opened the 30th Session of the Indian Ocean Tuna Commission (IOTCS30), marking the first time the country has hosted a session...

UAE Eid Al Adha Break Could Offer Boost for Maldives Tourism Amid Slower Months

The Maldives is among the destinations expected to benefit from a wave of outbound travel from the United Arab Emirates during the upcoming Eid...

Maldives Moves to Open Economy to Sustainable Investment Under New Reform Push

President Dr Mohamed Muizzu has said the Maldives is working to position itself as an open destination for sustainable investment and to build a...

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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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