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 on China’s May Fuel Export List as Beijing Eases, but keeps Hormuz-Era Curbs

Beijing has cleared half a million tons of refined fuel for export to eight Asia-Pacific countries in May, with the Maldives named on the...

Government Maps Coordinated Response to Middle East Crisis: Strategic Reserve, Stable Prices, Tourism Recovery

Cabinet Ministers delivered a joint briefing on the Government's economic crisis response, detailing progress on the national fuel storage facility, commodity price stabilisation, fisheries...

India’s Major Airlines Warn of Operational Collapse – A crisis in Indian aviation could land close to home.

Three of India's biggest airlines — Air India, IndiGo and SpiceJet — have issued a stark warning to the government in New Delhi: the...

Floating solar is here. What other PV options could power the Maldives?

Last week brought a milestone Maldivian energy planners have been working toward for years. Swimsol, the Austria-based marine solar specialist, switched on a 2.4...

From record pace to a behind-2025 finish: how the Gulf war broke the Maldives’ best year in tourism

Through February the Maldives was on track to post the strongest first quarter in its history. Two months later, after airspace closures and aircraft...

Qatar Airways Resumes Flights to Maldives After Middle East Suspension

The airline will operate five weekly flights between Malé and Doha, restoring a critical air corridor for tourists, cargo, and perishable imports following disruption...

Day 20 of Iran-US-Israel war sends a deeper shock through energy markets and the global economy

Day 20 of the Iran-US-Israel war marked a dangerous turning point, with the battlefield and the global energy system colliding more directly than at...

Iran strikes UAE transport and energy hubs as Maldives faces deeper tourism risk

A fresh escalation in the Gulf is now raising sharper concerns for the Maldives, after BBC News reported that Iran struck key sites in...

India Gets Limited Hormuz Passage.

India said on Saturday that two Indian-flagged tankers carrying liquefied petroleum gas, LPG, crossed the Strait of Hormuz safely early in the morning and...

Maldives fuel security faces a Gulf war stress test

The Maldives’ fuel and energy security has moved into sharper focus after a drone strike hit fuel storage tanks at Oman’s Port of Salalah,...

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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