Islamic economy said to be worth more than $3000 billion in 2015

Global Muslim spend across sectors of the Islamic economy surpassed $1.9 trillion in 2015, while the Islamic Finance sector has around $2 trillion in...

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...

BML Islamic set to launch its first financing products

BML Islamic is set to launch its first financing products in October. The announcement was made at the opening ceremony of BML Islamic’s new...

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 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...

Interest Rates of SME loans decreased

Loans given for small and medium businesses, called SME loans, have had its interest rate decreased by 2% from 9% to 7%. Speaking at ceremony...

Vista Rooms Expands to Maldives: Eyeing to be in 5 Countries by Year-End

Vista Rooms, one of South Asia’s brands of budget stays has launched in Maldives. Targeting the affordable accommodation segment, Vista Rooms aims to make...

Saudi Arabia planning to cancel $20bn worth of projects – report

Saudi Arabia could cancel more than $20 billion worth of projects and cut ministry budgets by a quarter as the kingdom struggles to manage...

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...

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...

Maldives received a first time credit rating of B2 from Moody’s Investors Service, so...

The Maldivian Government has recently received a first time credit rating of B2 from Moody’s Investors Service. This rating is stable. So what does...

Moody’s assigns first-time B2 issuer rating to the Government of Maldives

Moody's Investors Service has today assigned first-time local and foreign-currency issuer ratings of B2 to the Government of the Maldives. The rating outlook is...

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...

Maldives drops three position on Doing Business ranking

Maldives plunges three position down from the recent report on "Doing Business 2016", published annually by the World Bank. Doing Business 2016 is an...
Atmosphere Kanifushi 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...

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...

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...

MEGA Maldives Airlines awarded Air Operators Permit from the Directorate General of Civil Aviation...

MEGA Maldives Airlines has been awarded an Air Operators Permit from the Directorate General of Civil Aviation (DGCA) of India, to launch direct flights...

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...

MMA extends deadline to commence Commercial Bank of Maldives operations

MMA has decided to extend the deadline imposed in the conditions of CBM's Banking licence to 26th September 2016. The earlier deadline to commence...

CMDA formulates requirements to register investment funds

Capital Market Development Authority (CMDA) tables requirements to formulate investment funds in the Maldives. CMDA is an independent body responsible for developing and regulating the...

Kuwait Fund gives a loan of 50 million dollars to build the new terminal

Kuwait Fund has given a loan of 50 million dollars to build the new terminal at Ibrahim Nasir International Airport. An agreement was signed between...

Bank of Maldives participates in the Credit Guarantee Scheme by MMA

Bank of Maldives has confirmed its participation in the Credit Guarantee Scheme which was launched this morning by the Maldives Monetary Authority (MMA). Under...

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...

LATEST ARTICLES

PGO Requests ACC to Investigate Settlement Payments by Former Administration

The Prosecutor General’s Office (PGO) has formally requested the Anti-Corruption Commission (ACC) to conduct an investigation into compensation payments made to private...

The Final Stretch: Will Maldives Shatter Its Tourism Target?

The Maldives remains steadfast in its quest to achieve the milestone of 2 million tourist arrivals by the end of 2024. As...

Maldivian Introduces Additional Flight to Hanimaadhoo Amid Peak Season

Maldivian, the national carrier of the Maldives, has announced an additional flight to Hanimaadhoo, enhancing its domestic connectivity during the peak travel...

Green Fund Allocates MVR 57.6 Million for Coastal Protection Projects in September 2024

The Maldives Ministry of Finance has released its Green Fund Report for September 2024, providing an in-depth look at the nation’s environmental...

Mauroof Jameel Takes Helm at HDC as Corruption Allegations Rock Corporation

The government has appointed Mohamed Mauroof Jameel as the new Managing Director of the Housing Development Corporation (HDC). The announcement, made on...
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