MITDC Invites Developers for New Picnic Island

Investing March 22, 2017

MITDC Invites Developers for New Picnic Island

Maldives Integrated Tourism Development Corporation (MITDC) has invited interested parties to tender for the reclamation of a lagoon near Male’, to be developed into...

Investing October 3, 2016

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...

Business January 13, 2018

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...

Investing May 1, 2017

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...

Investing August 23, 2017

Thailand’s Minor Hotels Group Signs First Avani Resort in Maldives

AVANI Hotels & Resorts has announce the development of its first resort in the Maldives. AVANI Fares Maldives Resort will be located on Fares...

Investing April 7, 2017

Singha, Hard Rock unveil Maldives venture

Singha Estate chief executive officer Naris Cheyklin says his firm has recently signed a deal with Hard Rock International Hotel Group to open the...

Investing September 3, 2017

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...

Investing January 18, 2018

Investors Reached New CROSSROADS With The Investment Retail Opportunity

More than 15 local and international investors attended an open house event held on 17th January 2018, at Malé National Art Gallery organised by...

Investing May 16, 2017

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...

Investing October 17, 2016

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...

Investing September 6, 2016

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...

Investing August 2, 2016

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...

Investing October 19, 2016

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...

Investing August 18, 2016

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...

Investing July 25, 2016

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...

Investing December 28, 2016

Ministry of Finance and Treasury to Issue International Sovereign Bonds worth USD200 million

Ministry of Finance and Treasury has announced the decision to issue sovereign bonds worth USD200 million to the international market. The bonds are to...