MVR 450 million budget proposed for SME Bank
Ministry of Finance has proposed a budget estimated at MVR 450 million for SME Development Finance Corporation (SDFC) for 2020.
GCC to witness ‘sharp’ slowdown in 2017 – research
All six GCC economies will experience a “sharp” slowdown this year and over 2017, although the UAE and Qatar will outperform the others, according...
Madivaru Airport Project Handed to Kuredu Holdings
Madivaru Airport project has been handed to Kuredu Holdings.
An initial signing ceremony took place yesterday at the underwater restaurant in Hurawalhi Maldives. From Kuredu Holdings,...
TMA signs agreement with Addu International Airport to start seaplane operations in Gan Airport
Trans Maldivian Airways (TMA) has on Tuesday signed an agreement with Addu International Airport to setup and operate a seaplane base in Gan Airport.
According...
BML to disburse MVR 107 million as 2016 dividends
Bank of Maldives' Board of Directors has disclosed that MVR 107.6 million will be disbursed as dividends for the year 2016, at a rate...
BML ISLAMIC scales up presence with opening of new headquarters and full-fledged branch
Bank of Maldives’ Islamic Banking arm, BML Islamic, has significantly scaled up its presence with the opening of its new headquarters, including a full-fledged...
Amãna Takaful Maldives has purchased 5% of the issued share capital of Maldives Islamic...
Amãna Takaful (Maldives) PLC has purchased 5% of the issued share capital of Maldives Islamic Bank held by Islamic Corporation for Development (ICD). The...
MMA Increases License Fee for Financial and Remittance Businesses
Maldives Monetary Authority has announced an increase to the license fee for money remittance and consumer finance businesses.
According to the announcement in the Government...
Fitch Assigns Maldives First-Time ‘B+’ Rating; Outlook Stable
(The following statement was released by the rating agency) HONG KONG, May 15 (Fitch)
Fitch Ratings-Hong Kong-15 May 2017: Fitch Ratings has assigned The Republic...
Ministry of Finance and Treasury to Issue International Sovereign Bonds worth USD200 million
Ministry of Finance and Treasury has announced the decision to issue sovereign bonds worth USD200 million to the international market. The bonds are to...
Hurawalhi Resort is Open
The luxury resort hotel has an undersea restaurant, a champagne pavilion, and 90 upscale villas, including 60 Ocean Villas and 30 Beach Villas. The...
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...
Centara Announces Two More Properties in Maldives
Centara Hotels and Resorts has announced plans to construct/operate two more properties in the Maldives.
In an interview with Bangkok Post, the Senior Vice President...
Koo.mv to Launch “Donate” – A Simple, Automatic way for Customers to Donate
As online shopping grasps its roots in the
Maldives, Koo.mv has decided to launch a service within Koo.mv, which allows
individuals to donate.
Zongshen eyes stakes in seaplane operators
Zongshen Group, a manufacturer of generators and engines, plans to purchase a stake in the biggest seaplane airline in the Maldives this year, in...
BML’S investment program continues with new branches in Hoarafushi and Ihavandhoo
Bank of Maldives has extended its reach in the atolls with the opening today of two new branches in Hoarafushi and Ihavandhoo in Haa...
Abu Dhabi Airports Co set to redevelop Seychelles International Airport
State-owned Abu Dhabi Airports Co will invest in redeveloping the international airport at Mahe in the Seychelles as the Indian Ocean country expands its...
Inaugural Islamic Finance Forum of South Asia on 26-27 July
The Inaugural Islamic Finance Forum of South Asia (IFFSA) will be held on 26 and 27 July at the Ramada, Colombo. Luminaries in the...
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...
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...
Singapore firm to develop second resort in Thaa atoll
Island Aviation Services (IAS) awarded the project to develop a tourist resort in the island of Ruhthibirah in Thaa atoll to a Singapore firm,...
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...
MMA issues licence to a new insurance company
Maldives Monetary Authority gives license to a 100% Maldivian company to provide insurance service in Maldives. The new company is called Dhivehi Insurance Company...
BML Reveals Plans to Scale Up Investment in Hulhumale’
Bank of Maldives has announced that it will expand its presence in Hulhumale’, starting in October with a new Self Service Banking ATM in...
LATEST ARTICLES
Dr Mariyam Shakeela | CEO of SIMDI Group
Dr. Mariyam Shakeela is a successful entrepreneur and a powerful voice for women's empowerment in the Maldives. Her leadership has been instrumental...
Hanimaadhoo International Airport Reopens to International Flights
Hanimaadhoo International Airport in the Maldives has officially resumed international flight services after a year-long pause. The hiatus was put in place...
STO’s Food Security Project in UTF to Begin Soon
State Trading Organisation (STO) Managing Director Shimad Ibrahim has announced that physical work on a major project in Uthuru Thilafalhu (UTF), designed...
Finance Minister Announces Expenditure Reduction Measures Starting Next Month
In an exclusive interview with local media outlet "Mihaaru," Finance Minister Dr Mohamed Shafeeq outlined plans to reduce government expenditure starting in...
BCC, WIPO to Hold Online Forum Empowering Creative Industries
Business Center Corporation (BCC) has unveiled plans to host an online forum organised by the World Intellectual Property Organization (WIPO), tailored for...
