Maldives and Burundi Sign Visa Waiver Agreement
The Government of Maldives and the Government of Burundi have signed the Agreement on Mutual Exemption of Visa Requirements, which allows for...
MTCC Begins Physical Work on Sh. Narudhoo Harbour Development Project
Maldives Transport and Contracting Company (MTCC) has recently begun physical work on the Sh. Narudhoo Harbour Development Project on May 4th, 2023.
President Appoints Safa Shafeeq as a Member of Maldives Broadcasting Commission
President Ibrahim Mohamed Solih appointed Safa Shafeeq as a member of the Maldives Broadcasting Commission (MBC) on 9th May 2023. MBC is...
MPL Clears 1,646 TEUs in the First Week of June
According to its weekly statistics of cargo operations, Maldives Ports Limited (MPL) cleared 1,646 TEUs of cargo between 2nd and 8th June.
Maldives Establishes Embassy in the US with Visa Procedures Under Discussion
Minister of Foreign Affairs Abdulla Shahid met with Secretary of State Antony Blinken, marking a significant milestone in the bilateral relationship between...
Saudi Arabia’s Low-Cost Carrier Flynas Commence Flights to the Maldives
Saudi Arabia’s low-cost carrier, flynas, has commenced its flights to the Maldives, marking an important milestone in its expansion plans. The inaugural...
Maagiri Hotel Offers Memorable Eid-Al-Adha Breakfast
Embracing the spirit of togetherness, Maagiri Hotel is preparing a special breakfast buffet from 7 am to 10:30 am on Eid. Bringing...
Bangkok Airways Set to Restart Winter Flights to the Maldives
Thailand's Bangkok Airways has announced its plans to recommence winter flights to the Maldives starting in September.
During the...
MTCC Commences K. Dhiffushi Land Reclamation Project
The Maldives Transport and Contracting Company (MTCC) has begun its operations at the K. Dhiffushi Land Reclamation and Shore Protection project site...
Asian Development Bank Grants USD 18.7 Million to the Maldives
The Asian Development Bank (ADB) has granted USD 18.7 million, equivalent to MVR 288 million, in financial assistance to the Maldives.
‘Hiyala’ Expo 2023 Extends to Haa Dhaalu and Shaviyani Atolls
Business Centre Corporation (BCC) is currently accepting applications from women entrepreneurs who wish to participate in the 'Hiyala Expo 2023.' This event...
MMA Highlights 35% Decline in Remittance Demand Over Three Years
Maldives Monetary Authority (MMA) has noted a 35 per cent decline in the demand for remittance services over the past three years....
The Future of Corporate Well-being: An Insight into The Wellness Club’s Approach
In Male’, where limited space constrains physical activity, and the hustle of urban life leaves little room to breathe, the importance of...
Gov’t Establishes International Financial Services Authority
President Dr Mohamed Muizzu inaugurated the "Maldives International Financial Services Authority" on Sunday, a new government entity aimed at enhancing the country's...
Gov’t to Shift Exim Bank Funds from Gulhifalhu to Other Projects
The Finance Ministry has announced a strategic shift in the allocation of funds initially earmarked for the commercial port project at Gulhifalhu....
Maldives’ Total Debt Reaches MVR 124 Billion
The Maldives' total debt has escalated to MVR 124 billion by the end of last year, according to the latest figures released...
Ooredoo Maldives Offers Affordable Travel Insurance Through m-Faisaa
Ooredoo Maldives has partnered with Amana Takaful to introduce m-Faisaa Travel Insurance, a new digital insurance product designed for overseas travellers. The...
Maldivian Economy: A Tale of Tourism Triumphs and Lingering Concerns
The palm-fringed beaches and turquoise lagoons of the Maldives, a tourism haven for honeymooners and luxury travellers, continued to propel the nation's...
MIFCO Chief Suspended Amid Allegations, Denies Wrongdoing
Ahmed Shamah Rasheed, Managing Director and CEO of the Maldives Industrial Fisheries Company (MIFCO), remains suspended from his position amidst ongoing investigations...
STELCO and MNU Join Forces for Academic Study on Rising Electricity Bills
State Electric Company (STELCO) and Maldives National University (MNU) have inked an agreement to conduct an academic study investigating the surge in...
RACL’s New Partnership Aims to Transform Maldives’ Air Mobility with Vertiports
The Regional Airports Company Limited (RACL) has entered into a Memorandum of Understanding (MoU) with two prominent UAE-based firms, aiming to develop...
FNFC Acquires Investment Fund Licence for Real Estate and Hospitality Fund
The First National Finance Corporation (FNFC) has secured an investment fund licence from the Capital Market Development Authority (CMDA), the regulatory body...
EOI Opens for Upscale Hotel Projects in Hulhumale’ Phase II Tourism Zone
Developers are being invited to express their interest in constructing and operating three upscale hotels at Urban Isle, located in the Integrated...
Government expenditure in the Year 2018 was MVR 26.5 billion
Ministry of Finance and treasury has declared that the government expenditure for the year 2018 was MVR 26.5 billion which was also...