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...

Construction of India’s first transshipment port begins, less than 500 km from proposed port...

Indian conglomerate Adani Group has started construction on India’s first trans-shipment port, Reuters reported. The Indian government will give the Adani Group a grant...

STELCO eyes floating solar station

Considering that the Maldives receives an abundance of sunshine year-round, the country's vision to boost the installation of solar power should come as no...

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"...

Land reclamation for airport’s new runway begins

President Abdulla Yameen Abdul Gayoom on Monday inaugurated the land reclamation work of Ibrahim Nasir International Airport (INIA) expansion project. The project, which is set...

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...

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...

Amana Takaful Life announces IPO of LKR 75Mn

Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, has announced an Initial Public Offering (IPO), via an Offer for Sale...

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...

BML first half Net Profit up 152% to 570 million rufiyya

Bank of Maldives’ financial performance has continued its positive trajectory with first half Profit After Tax up 152% on the same period last year...

Corporate Resident Maldives – Privileged Services for Foreign Investors

The Corporate Resident Maldives, a special investor scheme, introduced by the Government of Maldives, to recognize the contribution of foreign investors and their investments...

Sri Lanka’s Hayleys buys Maldivian resort “Kudarah” for US$23mn

Sri Lanka’s Hayleys PLC has acquired a Maldivian resort named Kudarah Island Resort through their subsidiary Luxury Resort private limited for 23 million US...

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,...

Hazana Maldives – A government finance company specializing in Islamic investment funds

Ministry of Finance has decided to establish Hazana Maldives Limited, a government finance company specializing in Islamic investment funds. The purpose of such establishment is...

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:...

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...

LATEST ARTICLES

Maldives Signs MoU with UN University for Peace to Strengthen Diplomatic Training

The Foreign Service Institute of the Maldives (FOSIM) has signed a Memorandum of Understanding (MoU) with the UN University for Peace...

Maldives Moves to Repeal and Replace 27-Year-Old Civil Aviation Act

A new bill proposing sweeping reforms to modernise the Maldives' aviation sector has been submitted to Parliament, with the aim of...

Gov’t Seeks Consultants for Master Plan of Malé Center Point

The Ministry of Finance and Planning, on behalf of the Ministry of Construction, Housing and Infrastructure, has issued a request for...

Maldives’ Broad Money Shrinks Slightly in 2024 as Bank Deposits Shift

The total money circulating in the Maldivian economy saw a small decline in 2024, according to recent figures. At the end...

Ooredoo Maldives and MMPRC Partner to Promote Maldives to 147 Million Global Customers

Ooredoo Maldives has entered into a strategic partnership with the Maldives Marketing and Public Relations Corporation (MMPRC) to promote the Maldives...
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