STELCO eyes floating solar station
Considering that the Maldives receives an abundance of sunshine year-round, the country's vision to boost the installation of solar power should come as no...
Global Halal Industry worth $3.66 trillion
The strength and the prosperity of the global halal industry has been trumpeted all over the news. The rise of Generation M - formally...
Habib Bank opens a branch in Hulhumale’
Habib Bank Limited (HBL), the second bank to open their business in Maldives, opened one of its branches in Hulhumale’ on Sunday morning. This is...
Corporate launching of Maldives’ most advanced ecommerce platform Koo.mv held, open to public by...
Koo.mv, the most advanced online marketplace and the first of its kind in the Maldives, has been launched to corporates by Laniakea Trade at...
Dhigufaru Island Resort to open in August
Dhigufaru Island Resort in Baa Atoll has been set to open on August 15th. This will be the second opening this year after "Finolhu"...
Hazana Maldives – A government finance company specializing in Islamic investment funds
Ministry of Finance has decided to establish Hazana Maldives Limited, a government finance company specializing in Islamic investment funds. The purpose of such establishment is...
The Master Plan of “iHavan” Project will be Completed by the end of this...
Ihavandhippolhu Integrated Development Project (iHavan) is an integrated project which will be developed in Ihavandhippolhu atoll in Northern Maldives. This project aims in capitalizing...
Sri Lanka’s Hayleys buys Maldivian resort “Kudarah” for US$23mn
Sri Lanka’s Hayleys PLC has acquired a Maldivian resort named Kudarah Island Resort through their subsidiary Luxury Resort private limited for 23 million US...
MIFCO under STO Management
Maldives Industrial Fisheries Company (MIFCO) was reallocated as a subsidiary of the largest trading company in the country, State Trading Organization (STO) in September...
World’s Largest Underwater Restaurant nears Completion
The underwater restaurant “Under” located near to the southernmost tip of Norway under five meters is the first of its kind in...
Apollo Holdings Pvt Ltd unveils its first luxury real estate project ‘The Apollo Towers’
Apollo Holdings Pvt Ltd has today unveiled its first luxury real estate project ‘The Apollo Towers’ set to rise with a beach front view...
Equatorial Convention Centre of Addu City to be Converted into a 100-Bed Hospital
On 22nd February 2016, the Government of Maldives announced that the Equatorial Convention Centre in Hithadoo, Addu City will be converted into a 100-bed...
Cocoon Maldives now open
Cocoon Maldives has opened its doors for the visitors on 26 December 2016, over a month ahead of schedule.
Alessandro Azzola, Managing Director of Cocoon Investment...
Second Round of Get Set MV Loan Scheme Announced
The second round of the Maldives Youth Entrepreneurship program, Get Set MV, has been announced.
The Get Set MV scheme was launched to assist young Maldivians...
Tree Top Hospital to Begin Operations Within 2 Months
Tree Top Hospital developed in Hulhumale’ by Tree Top Investments, the joint venture by Kasa Holdings Pvt Ltd, Champa Brothers, Crown Company and Kuredu Holdings...
Damas Real Estate launches ambitious “One Avenue” project in Hulhumale’
One Avenue is the latest ambitious project by Damas Real Estate, a subsidiary of Damas Company Pvt Ltd. The residential neighborhood apartment complex is...
Ministry of Tourism Reveals Land Acquisition Fee Structure
Ministry of Tourism has revealed the acquisition fees for tourism-related projects.
Under the law of developing tourist resorts, hotels, guesthouses and marinas- acquisition fee can...
Hurawalhi Maldives Resort to be powered by Solar Energy
The Maldives is well know for its great weather and warm climate, and Hurawalhi Maldives Resort has announced that it is at the forefront...
Happy Market to Invest in Increasing the Production of Life Water
It has been stated by the general manager of Happy Market, Ali Ihsaan, that they are all set to increase the production of life water....
Dhiraagu opens pre-order for Samsung Galaxy Note 9
Dhiraagu announced that Samsung’s popular Galaxy Note 9 mobile phone is available for preorder.
Dhiraagu is offering instalment payment options available for postpaid customers. With...
Maldives becoming a hub for Islamic Banking & Halal industry in South Asian region
Mostly people know about Maldives as an idyllic tropical island holiday destination, but little is known about the fact that the country is making...
Commercial Bank of Maldives to commence banking operations in last quarter
Tree Top Investments have announced the opening of Commercial Bank of Maldives (CBM). Commercial bank of Maldives is set out to enhance and improve the...
The First Ever Water Theme Park in Maldives is Set to Open in Hulhumale’...
Housing Development Corporation (HDC) has handed over the massive project of constructing the first ever water theme park in Maldives to a Malaysian based...
Summer Island Maldives Scoops Two Accolades at South Asian Travel Awards
Summer Island Maldives has won two prestigious awards, for South Asia’s Leading Beach Resort / Hotel and Maldives’ Leading Beach Resort / Hotel, at...
LATEST ARTICLES
Report: Maldives Grapples with Dollar Crisis as Public Debt Surpasses MVR 135 Billion
The Maldives is facing a severe dollar crisis that has ignited intense discussions among government officials, business leaders, and citizens. The escalating...
Budget Committee Approves 2025 Budget with Enhanced Oversight Conditions
The Budget Committee of Parliament has approved the proposed 2025 budget, incorporating amendments aimed at increasing transparency and fiscal accountability. The decision...
Ministry of Fisheries Launches Work on 25-Year Fisheries Masterplan
The Ministry of Fisheries and Ocean Resources has commenced efforts to develop a 25-year masterplan aimed at guiding the sustainable growth and...
High Costs and Allegations of Corruption Plague Aasandha System
Aasandha CEO Aminath Zeeniya has raised concerns about the high prices charged by major private hospitals, revealing that discussions are ongoing to...
Destination Future Raises Concerns Over New Dollar Exchange Policies
Destination Future, a Maldivian NGO dedicated to sustainable development, has raised significant concerns about the government’s recent changes to the dollar exchange...
