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...
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...
Test Flight lands at Noonu Maafaru International Airport.
The first test flights have successfully landed in the newly developed N.Maafaru Airport.
Tourism Minister Moosa Zameer along with parliament members of Noonu Atoll arrived...
Investment program is on track – BML CEO
Following a year in which Bank of Maldives recorded its best ever financial performance, CEO Andrew Healy has emphasized that the Bank is keeping...
MTCC Thilafushi Land Reclamation Project on Schedule
Maldives Transport and Contracting Company (MTCC) states that a big part of the land reclamation project of K.Thilafushi has been finished.
MTCC official stated the...
MIRA reports increase in revenue by 6.8%
Revenue collected by Maldives Inland Revenue Authority (MIRA) has increased by 6.8% from expected figures.
The government tax authority confirms that the state collected MVR...
BML expands investment in Baa Atoll with new ATM in Dharavandhoo
Bank of Maldives has continued to scale up its investment in B. Atoll with the introduction of a new Self Service Banking ATM in...
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...
USD 220 million withdrawn from BML USD ATM service & MVR 23 billion worth...
Bank of Maldives has announced that over USD 220 million has been withdrawn from BML USD ATM service & MVR 23 billion worth transactions...
MEGA Maldives Airlines Announces Temporary Suspension of Operations
MEGA Maldives Airlines is to temporarily suspend commercial flight operations from the 2nd of May 2017 onwards as part of its restructuring and recapitalization...
MTCC plans to list themselves in the Mauritius Stock Exchange
MTCC, which is the one of the largest construction and logistics companies in the Maldives is in discussions with the Mauritius Stock Exchange to get listed...
MVR 1.7 Billion has Been Spent on Land Reclamation of 12 Islands – Dr....
Minister of Housing and Infrastructure, Dr. Mohamed Muizzu reported that MVR 1.7 billion has been spent on the land reclamation of 12 islands by...
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: From a beach getaway to the ultimate leisure boating paradise
Marine tourism is set to take a considerable hike in the Maldives. This is largely due to the much-anticipated expansion plan for Male’s Velana...
India’s Demonetization and Digital Transactions
Amidst the India's controversial demonetization process, some companies (mostly digital) excelled to triumph with surprising profits. Fulled by the cash crunch, people are summoned to digital...
Challenges in the Maldivian Capital Market
Guest writer: Mr. Hassan Manik, CEO, Maldives Stock Exchange
The financial sector is a very volatile field in any part of the world and in...
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...
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...
State revenue increases by 16 percent more than predicted figure
State revenue has increased by 16 percent more than the predicted figures.
According to statistics report by government taxation...
MATATO Promotes Maldives in Russia and Malaysia
Maldives Association of Travel Agents and Tour Operators (MATATO) advertised the Maldives in Russia and Malaysia.
MATATO has participated...
Investment Forum for Addu Guesthouses on 22nd April
Maldives Integrated Tourism Development Corporation (MITDC) is preparing to host an Investment Forum for parties interested in investing in the guesthouse industry in Addu.
MITDC’s...
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...
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...
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...