Centara signed new management agreement for fourth resort in the Maldives “Centara Grand Muthaafushi...
Centara Hotels & Resorts, leading Thai hospitality group signed a new hotel management agreement for its fourth beach resort under the Centara umbrella in...
A Maldivian to Land The Etihad Airways A380 To VIA New Runway
Velana International Airport (VIA) is working on their last preparation to land Etihad Airways A380-800 flight in the new runway in this...
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...
Ooredoo Maldives has gone public
Ooredoo Maldives has decided to become a public limited company and sell their shares on the Maldives Stock Exchange.
Ooredoo Maldives which is a subsidiary...
Maldivian issues a Request For Proposals (RFP) for the damp lease of a single...
Maldivian has issued a Request For Proposals (RFP) for the damp lease of a single A330-200 one a one-year contract beginning July 23, 2017.
According...
ADB to Fund Expansion of Maldives’ Kulhudhuffushi Harbor
The Asian Development Bank (ADB) has approved a grant of $9.6 million to the Republic of the Maldives to expand Kulhudhuffushi Harbor, a project...
MWSC Obtains a Profit of MVR 264.7 Million
Male' Water and Sewerage Company (MWSC) has obtained a net profit of MVR 264.7 Million for the year 2017. This is a fall from...
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...
MIRA reveals first quarter report for 2018: Records MVR 4.99 billion as revenue
Maldives Inland Revenue Authority (MIRA) has announced that they have collected MVR 4.99 Billion as revenue in the first quarter of 2018.
In their quarterly...
Centurion is going public and putting up its shares for sale
Centurion Pvt Ltd a company that imports goods and provides logistics solutions has announced that they are going public (PLC) and their shares are...
BML hosts corporate clients at special event “MALDIVES: A GREAT PLACE TO INVEST”
Bank of Maldives has hosted its corporate clients at a special event on tourism and the global real estate market. The event, titled “Maldives:...
Maldives invites developers to purchase islands and lagoons
The announcement, made on Wednesday by the Maldives’ Ministry of Tourism, included a series of different island plots, all of which are available on...
Ayady Takaful launches Family Takaful package
In a press conference held in Mookai Hotel, Allied Islamic window; Ayady Takaful introduces family Takaful package. Family Takaful is a package especially designed...
Dhiraagu AGM on April 20, 2017
Dhiraagu has announced their Annual General Meeting to be held on April 20, 2017 at the National Art Gallery.
The AGM will include passing of...
MMA increases Credit Guarantee Scheme Allotment to 100million
Maldives Monetary Authority has announced that the allocated budget for the Credit Guarantee Scheme has been raised by 50million due to exceptionally favorable response...
CDL Hospitality Trusts’ Maldives assets to continue floundering: analysts
CDL Hospitality Trusts will continue to be plagued by weak performance from its Maldives assets, on back of persistent forex losses and soft demand.
According...
Useable Reserves Up by 6%, T-bill Investments up by 23% – MMA
Maldives Monetary Authority has announced a 6% increase to the usable reserves and a 16% increase to the total national reserves of Maldives. The usable...
Foreign investments approved passes USD 1 billion mark
Foreign investments approved this year has already passed the USD 1 billion mark, according to Registrar of Companies, Ms Mariyam Visam. Over the past...
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...
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"...
Blackstone Looking to Sell Seaplane Operator in the Maldives
Blackstone Group LP may cash out from the Maldives, the tropical island chain known for its white-sand beaches and turquoise seascapes.
The buyout firm is exploring...
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...
Maldives Investment Forum to be held on the 18th of December 2017 in Dubai,...
Ministry of Economic Development of Maldives has announced that they are to host their prime investment event “Maldives Investment Forum” on the 18th of...
Thilafushi Corporation to Open Spots for Leasing from the New Industrial Zone of Thilafushi
Thilafushi Corporation has mentioned that the development of Thilafushi Industrial Zone is ongoing at a fast pace and that they are planning to open...
LATEST ARTICLES
Dhiraagu Extends Internet Support to State Care Facilities Across the Maldives
Dhiraagu has reaffirmed its commitment to supporting vulnerable children and victims of domestic abuse under state care by extending high-speed internet services...
Gov’t to Develop Landmark Tower and Financial Centre in Funadhoo
The Minister of Economic Development and Trade, Mohamed Saeed, has announced plans for a landmark tower in the Airport Economic Zone, which...
Road Assessment for Male’ and Villimale’ Completed by Chinese Expert Team
The Ministry of Construction and Infrastructure has announced the completion of road condition assessments for Male’ City and Villimale’. Conducted by a...
Maldives to Expand Fish Processing Capacity Ninefold Over Three Years
Minister of Fisheries and Ocean Resources Ahmed Shiyam has announced that the Maldives' fish processing capacity is set to increase from 35...
Maldives Records MVR 10.8 Billion Fiscal Deficit Amid Mixed Revenue and Expenditure Trends
The Maldives' Ministry of Finance has released its latest fiscal data, revealing a cumulative deficit of MVR 10.8 billion from January to...
