Maldives Launches USD 8.8 Billion Financial Centre to Reshape National Economy
The Maldives government has signed a landmark joint venture agreement with MBS Global Investments to establish the Maldives International Financial Centre...
Maldives Reimposes Restrictions on Bangladeshi Worker Recruitment
The government has reintroduced stricter regulations on recruiting Bangladeshi workers after initially easing restrictions in December 2023. The decision comes amid concerns...
New Aviation Regulations in the Maldives: What You Need to Know
The Maldives Civil Aviation Authority (MCAA) has introduced updated aviation regulations under the MCAR-2 Rules of the Air, which came into effect on 20...
President Declares Extended Government Holiday for Eid al-Fitr
President Dr Mohamed Muizzu has announced that the week in which Eid al-Fitr falls will be observed as a government holiday this...
MMA Raises Dollar Sale Requirement from Banks to 90%
The Maldives Monetary Authority (MMA) has instructed banks to increase the proportion of US dollars they must sell to the central...
President Tours New VIA Terminal as Opening Nears
President Dr Mohamed Muizzu visited the new passenger terminal at Velana International Airport (VIA) as construction nears completion. Accompanied by Cabinet Ministers,...
Maldives Revises Tourism Act with New Development and Lease Rules
President Dr Mohamed Muizzu has ratified the 15th amendment to the Maldives Tourism Act, introducing significant changes to the legal framework governing...
New Foreign Currency Regulation Sets Reporting & Compliance Standards
The Maldives Monetary Authority (MMA) has introduced the General Regulation on Foreign Currency, which came into effect on 28 February 2025. Enacted under...
Gulhifalhu Land Allocation Revised to Expedite Registrations
The government has announced a significant revision to the Gulhifalhu Land Use Plan, confirming that all residential plots allocated under the...
Maldives’ First Solar Ferry Set to Arrive in April
The Maldives’ first environmentally friendly solar-powered ferry, currently in its final stages of construction, is expected to arrive in the country by...
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...
Gov’t Clears USD 100 Million Loan Amid Rising Debt Concerns
The Ministry of Finance and Planning has confirmed the repayment of a USD 100 million loan taken from Cargill Financial Services International,...
Mariyam Shamma Ismail Appointed as New Registrar of Companies
The government has appointed Uza. Mariyam Shamma Ismail as the new Registrar of Companies, following the resignation of her predecessor, Mariyam Visam,...
Ahmed Zayan Resigns from MMA Board as Government Faces Economic Criticism
Ahmed Zayan Mohamed, the Ministry of Finance's representative on the Maldives Monetary Authority (MMA) board, has tendered his resignation, with his notice...
Registrar of Companies Mariyam Visam Resigns After a Decade in Office
The Registrar of Companies, Mariyam Visam, has stepped down from her position at the Ministry of Economic Development. Her resignation is effective...
Consultancy Sought for Addu City’s 14km Bridge Link Project
The Maldives government has initiated plans for a major infrastructure project to connect Hithadhoo and Hulhumeedhoo in Addu City, aiming to enhance...
Maldives’ Development Bank CEO Steps Down Amid Ongoing Setup
Noel Gregor Paterson-Jones, Managing Director and CEO of the Development Bank of Maldives (DBM), has resigned from his position. The Privatisation...
Maldives to Launch National Cyber Security Operation Centre by Year-End
The Maldives is preparing to establish a National Cyber Security Operation Centre before the end of the year, as part of...
Gov’t Plans MVR 15 Billion Land Sale to Central Bank Amid Rising Debt Concerns
The Maldivian government is reportedly preparing to raise MVR 15 billion by selling a large plot of land in Hulhumale’ to the Maldives Monetary Authority...
UAE-Backed MIFC Project Breaks Ground in Maldives
The Maldives officially broke ground on the Maldives International Financial Centre (MIFC), a USD 8.8 billion project aimed at reshaping the...
President Aims to Phase Out Black Market as Maldives Targets Official Dollar Rate by...
The Maldivian government has set a target to eliminate the black market for US dollars and restore access to foreign currency...
Maldives Signs Investment Residency Deal: What It Means for the Economy
The Government of Maldives has signed an agreement with global investment migration firm Henley & Partners to establish the country’s first-ever residence...
Maldives 2.0: President Launches Vision for a Digital-First Nation
President Dr Mohamed Muizzu has announced a new national initiative, titled ‘Maldives 2.0’, aimed at digitising government operations and public services...
New Finance Rules Permit Government Projects Without Competitive Bidding
The government has changed public finance regulations, allowing the procurement of goods and services without a competitive bidding process for the next...
LATEST ARTICLES
Bilateral Talks Highlight Indian Ocean Security and Fisheries Innovation
Fisheries and Ocean Resources Minister Ahmed Shiyam has reaffirmed the Maldives’ strong partnership with Sri Lanka in the areas of regional fisheries...
HDC’s Mauroof Jameel Steps Down Six Months into Role
Mohamed Mauroof Jameel has resigned from his post as Managing Director of the Housing Development Corporation (HDC), just six months after taking...
Male’ City Council to Publish Full Details of Land Leases in Transparency Push
Male’ City Mayor Adam Azim has announced that the council will publicly disclose the full details of all land plots leased in...
Commitment to Stronger Regional Cooperation as Foreign Minister Meets Sri Lanka President
Minister of Foreign Affairs Dr Abdulla Khaleel met with the President of Sri Lanka, Anura Kumara Dissanayaka, during a courtesy call held...
Dhiraagu Marks Independence Day with Street Exhibitions Across Maldives
Dhiraagu marked the 60th anniversary of Maldivian independence with a series of street exhibitions held across several islands, bringing communities together in...
