Business

President Muizzu’s Vision Delivers PayPal to Maldives, Unlocking a New Era of Opportunity

The arrival of PayPal in the Maldives stands as a landmark achievement of President Dr. Mohamed Muizzu's leadership, with a global financial giant placing...

President Muizzu: PayPal Launch Clears the Way for Maldivians to Compete Worldwide

President Dr. Mohamed Muizzu has urged Maldivian creators and innovators to seize a newly opened path to establish themselves in international markets, following the...

Tourism Tax Lifts Maldives State Revenue to 19.1 Billion Rufiyaa in 2026

The Maldives recorded a sharp rise in government income during the first months of 2026, driven largely by stronger receipts from the tax levied...

President Muizzu Delivers on Promise as PayPal Officially Launches in the Maldives

President Dr. Mohamed Muizzu has delivered on yet another key promise, with PayPal now officially available in the Maldives. The President personally launched the...

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,...

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...

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...

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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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