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...
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
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...
