Tekkers Dhiraagu Resort Cup 2025 Kicks Off at CROSSROADS Maldives
The Tekkers Dhiraagu Resort Cup 2025 officially kicked off today at The Marina at CROSSROADS Maldives, bringing together resort teams from across the Malé zone for a futsal tournament celebrating sport, teamwork and community spirit.
Organised by Tekkers Sports Management and supported by Dhiraagu, the tournament will run from 15 to 29 June and...
Final Day to Register for Ooredoo Fun Run 2025 in Addu City
Today marks the final opportunity for residents of Addu City and beyond to register for one of the country’s most eagerly anticipated community events — the Ooredoo Fun Run 2025. Registration closes at 23:59 on 15 June.
Set to take place on 27 June, the non-competitive 5K run is designed as a colourful celebration...
Indian High Commission Event Promotes Voluntary Blood Donation on World Blood Donor Day
The Indian High Commission in Maldives organised a blood donation camp on Saturday to commemorate World Blood Donor Day, encouraging voluntary donation and strengthening people-to-people ties between the Indian and Maldivian communities.
The event was inaugurated by the Minister of Health, Abdulla Nazim Ibrahim, and attended by Indian High Commissioner G. Balasubramanian, along with...
Global Economic Outlook Highlights Risk Factors for Small Island States
The latest Global Economic Prospects (GEP) report by the World Bank, published in June 2025, presents a cautious outlook for the global economy, highlighting persistent risks, uneven recovery and stagnating trade growth. For small island developing states like the Maldives, which remain heavily reliant on tourism and external financing, the projected slowdown in global growth and trade...
Ocean Diplomacy: Maldives Engages Global Forum for Sustainable Marine Use
Speaking to the media after the conclusion of the 3rd United Nations Ocean Conference held in Nice, France, the Minister of Tourism and Environment, Thoriq Ibrahim, said the discussions and outcomes of the forum would further support the sustainable use and management of Maldivian waters.
The conference, which took place from 9 to 13...
Hotelier Maldives Awards 2025 Recognises Achievements Across Hospitality Sector
The Hotelier Maldives Awards 2025 took place on Saturday evening at Barceló Nasandhura Malé, highlighting individuals and teams making notable contributions to the country’s hospitality industry. Organised by Hotelier Maldives and presented by Bestbuy Maldives (BBM), the event marked the second edition of what is currently the only national platform dedicated to recognising tourism professionals in the...
Maldives Collects MVR 2.18 Billion in May, Beating Forecasts
Maldives Inland Revenue Authority (MIRA) reported a total revenue collection of MVR 2.18 billion in May 2025, marking a 30.5 percent increase compared to the same month in 2024. The growth was primarily attributed to strong tourism-related tax performance, especially from the Tourism Goods and Services Tax (TGST), Green Tax, and airport-related fees.
Tourism...
Maldives Seeks Economic Gains Through Sustainable Management of Protected Areas
The government is stepping up efforts to manage and monetise its protected environmental sites, seeking to balance ecological preservation with economic development. According to state media, Minister of Tourism and Environment Thoriq Ibrahim said the initiative aims to generate revenue from these areas while maintaining the Maldives’ globally renowned marine biodiversity.
Natural conservation remains...
India Welcomes Positive Impact of Currency Swap as Maldives’ FX Reserves Improve
India has expressed satisfaction with the role of a USD 400 million currency swap arrangement in strengthening the Maldives’ foreign exchange reserves, providing relief to the island nation amid persistent fiscal and external pressures.
The swap facility, signed between the Maldives Monetary Authority (MMA) and the Reserve Bank of India (RBI) in October 2024,...
Air Arabia Increases Maldives Flights Amid Growing Demand
Air Arabia will increase its service between Sharjah and Malé to twice daily non-stop flights starting 27 October 2025, marking one year since the airline began operating the route.
According to the airline, the decision to expand frequency is in response to growing travel demand to the Maldives. The move is expected to provide...
Maldives Pushes for Greater Global Recognition of Small-Scale Fisheries at UN Oceans Conference
The Maldives has called for stronger global support for small-scale fisheries, with Fisheries and Ocean Resources Minister Ahmed Shiyam urging the international community to bring the issue out of the margins and into mainstream policy discourse. His remarks were made during a side event hosted by the Maldives at the 3rd United Nations Oceans Conference, currently being...
Maldives Reaffirms Support for Palestine as New Ambassador Presents Credentials
The Non-Resident Ambassador of the State of Palestine to the Maldives, His Excellency Ihab Ibrahim Mohamed Khalil, formally presented his Letter of Credence to President Dr Mohamed Muizzu at a ceremony held at the President’s Office on Thursday.
The Ambassador was received with traditional honours, including a cultural “Haiykolhu” procession accompanied by the Maldives...
Green Tax in Focus: Tourism Growth Fuels Fiscal and Environmental Gains
Green Tax Revenue Surges with Tourism Recovery
As of 5 June 2025, the Green Tax has generated MVR 966.3 million, marking an 89% year-on-year increase from MVR 509.9 million in 2024. Introduced in stages since 2015 and recently revised in January 2025, the Green Tax is applied to tourists staying at various accommodations, from...
Everything You Need to Know About Bizweek
Corporate Maldives Bizweek, scheduled to take place from 18 to 19 June 2025, is the ultimate B2B networking event in the Maldives.
With over 5,000 pre-scheduled meetings, the event offers a dynamic two-day experience designed to promote business growth, foster collaboration, and connect professionals with hundreds of potential customers and decision-makers in one place.
Fitch Maintains Maldives’ ‘CC’ Rating
Fitch Ratings has reaffirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CC’ as of 12 June 2025, warning that a sovereign default remains a likely scenario within the foreseeable future.
The agency notes that persistent external and fiscal vulnerabilities are likely to hinder the government’s ability to refinance its substantial upcoming external...
Rip Curl Launches First Hulhumalé Store with Exclusive 40% Opening Discount
Rip Curl Maldives has launched its first retail store in the Greater Malé Region, officially opening its doors in Hulhumalé on 9th June. To mark the occasion, the store is offering a limited-time 40% discount across all products, valid until 9th July 2025.
The new outlet provides surf enthusiasts, beachgoers, and lifestyle shoppers with...
Tourism Revenues Fuel Fiscal Surplus, But Development Spending Falls Short
The Maldivian government has reported a fiscal surplus of MVR 1.1 billion for the year to date as of 5 June 2025, driven by robust revenues—particularly from the tourism sector. However, capital expenditure continues to significantly lag behind projections, highlighting ongoing challenges in executing development projects.
According to the Ministry of Finance’s latest Weekly...
Minister Urges Reforms to Boost State Revenue from Maritime Activities in EEZ
Minister of Transport and Civil Aviation Mohamed Ameen has emphasised the need for the state to benefit more directly from maritime activities taking place within the Maldives' Exclusive Economic Zone (EEZ).
In an interview with Public Service Media (PSM), Minister Ameen noted that various operations—particularly the transfer of oil and gas between vessels—are regularly...
MIFCO Appoints Economist Athif Shakoor as Strategic Consultant
The Maldives Industrial Fisheries Company (MIFCO) has appointed economist Athif Shakoor as a strategic consultant, with effect from 1 June.
Athif has been tasked with leading key strategic changes within the state-run enterprise, as the company works to strengthen its operational and management framework.
He had previously applied for the role...
June 2025 Begins with a Surge: Tourist Arrivals Up 38% in First Nine Days
The Maldives' tourism sector entered June this year with a strong momentum, recording a 38.2% rise in tourist arrivals during the first nine days compared to the same period last year. According to the Ministry of Tourism, the country welcomed 45,614 visitors between June 1st and 9th, up from 32,996 in the corresponding period of 2024.
UN’s Food and Agriculture Organisation to Open Permanent Office in Maldives
The United Nations Food and Agriculture Organization (FAO) will establish a dedicated office in the Maldives, signalling a strengthened commitment to the country’s fisheries sector, a vital component of its economy.
This announcement was confirmed by FAO Director-General Qu Dongyu during a meeting with Ahmed Shiyam, the Maldivian Minister of Fisheries and Ocean Resources,...
Maldives to Allocate USD 291.8 Million to Develop Fisheries Sector
Minister of Fisheries and Ocean Resources Ahmed Shiyam has stated that the Maldives has allocated USD 291.8 million towards the development of its fisheries industry.
Speaking in an interview with PSM News, the minister acknowledged the complex and diverse challenges facing the fisheries sector. He noted that while these challenges have persisted under successive...
President Appoints Ismail Naveen as New Commissioner of Police
President Dr Mohamed Muizzu has appointed Ismail Naveen as the new Commissioner of Police. The official ceremony to present the insignia of office took place this afternoon at the President’s Office.
Before assuming the role of Acting Commissioner of Police on 26 April, Naveen served as the Deputy Commissioner of Police. He stepped into...
Maldives Launches National Ocean Accounts Roadmap at UN Oceans Conference
The Minister of Tourism and Environment, Thoriq Ibrahim, officially launched the National Implementation Roadmap for Ocean Accounts 2025–2030 at the United Nations Oceans Conference (UNOC3), reinforcing the Maldives’ commitment to sustainable ocean development.
Speaking at the high-level side event “Delivering on the 2030 Sustainable Ocean Economy”, co-hosted by the Maldives, Minister Thoriq emphasised the...
LATEST ARTICLES
Tekkers Dhiraagu Resort Cup 2025 Kicks Off at CROSSROADS Maldives
The Tekkers Dhiraagu Resort Cup 2025 officially kicked off today at The Marina at CROSSROADS Maldives, bringing together resort teams from across...
Final Day to Register for Ooredoo Fun Run 2025 in Addu City
Today marks the final opportunity for residents of Addu City and beyond to register for one of the country’s most eagerly anticipated...
Indian High Commission Event Promotes Voluntary Blood Donation on World Blood Donor Day
The Indian High Commission in Maldives organised a blood donation camp on Saturday to commemorate World Blood Donor Day, encouraging voluntary donation...
Global Economic Outlook Highlights Risk Factors for Small Island States
The latest Global Economic Prospects (GEP) report by the World Bank, published in June 2025, presents a cautious outlook for the global...
Ocean Diplomacy: Maldives Engages Global Forum for Sustainable Marine Use
Speaking to the media after the conclusion of the 3rd United Nations Ocean Conference held in Nice, France, the Minister of Tourism...
