Economy

Rufiyaa Slides Past MVR 21 as Reserves Fall and Debt Bills Come Due

The black market price of a US dollar in the Maldives climbed above MVR 21 this week for the first time on record. The...

MIRA Revenue Slips in May Even as Tourist Arrivals Recover, Exposing a Widening Gap Between Visitor Numbers and Tax Income

The Maldives Inland Revenue Authority collected 2.05 billion rufiyaa in May 2026, a figure that came in slightly below official projections and marked a...

President Dr Mohamed Muizzu Opens Maldives Financial Expo 2026 in Hulhumalé

President Dr Mohamed Muizzu inaugurated the Maldives Financial Expo 2026 on Thursday morning at Central Park in Hulhumalé, opening what organisers describe as the...

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...

President Muizzu Underscores Private Sector’s Central Role in Maldives’ Economic Future

President Dr Mohamed Muizzu delivered the keynote address at the Maldives–Sri Lanka Business Forum held in Colombo today, where he highlighted the indispensable role...

Sri Lanka’s President calls Maldives a key economic partner as two nations deepen ties

Dissanayake spoke at a joint press conference in Colombo during President Muizzu's official visit to Sri Lanka, where both sides signed agreements across seven...

Muizzu calls Indian Ocean a ‘bridge’ for Maldives and Sri Lanka to share prosperity

President spoke at a state banquet in Colombo, urging closer cooperation between the two island neighbours "Together we can turn the Indian Ocean, once a...

President Muizzu arrives in Sri Lanka for State Visit

His Excellency President Dr Mohamed Muizzu and First Lady Sajidha Mohamed have arrived in Sri Lanka on a State Visit. Upon arrival at Bandaranaike International...

Maldivian Aviation Sector Under Strain: Manta Air Joins TMA in Implementing Salary Cuts as Regional Conflict Hits Tourism

Manta Air has become the latest Maldivian carrier to introduce temporary salary cuts as the country's aviation sector buckles under the weight of 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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