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
Maldivian’s New ATR Aircraft to Arrive on Wednesday
Maldivian Aero, the flag carrier of the Maldives, has confirmed the upcoming arrival of its latest addition to its fleet, an ATR...
Popular French Hotel Brand Baccarat Announces Plans to Open Resort in Maldives
The renowned European brand Baccarat has revealed plans to establish a resort in the Maldives. The proposed resort will be situated within...
Kaani Hotels Claims 2.2% of Maldives Tourist Arrivals for 2024
Kaani Hotels, a prominent guesthouse operator in the Maldives, has recently announced its claim of 2.2% of the total tourist arrivals into...
Tourist Arrivals in May Increased by 12.3%
The Ministry of Tourism has disclosed that tourist arrivals in the Maldives have surged to over 794,000 as of May 4th, 2024,...
Inflation Rate Dips to -0.2% in March 2024: MMA
The Maldives Monetary Authority (MMA) has reported that the rate of inflation, measured by the annual percentage change in the national Consumer...
