Business & Tourism
Maldives Islamic Bank launches IPO
The country’s first Sharia-compliant bank offered nearly seven million shares.
28 Jul 2019, 9:00 AM
Maldives and India sign US$400m currency swap deal
The swap facility is part of a US$1.4 billion assistance package.
23 Jul 2019, 9:00 AM
India becomes second largest market for Maldives tourism
Indian tourists now account for the second highest market share.
22 Jul 2019, 9:00 AM
Foreign ministry to host temporary UK visa application centre
It will be open on August 5 and 6.
21 Jul 2019, 9:00 AM
Maldives state-owned enterprises earned profit of US$97m in Q1 2019
Reduced revenue for MTCC resulted in a net loss of MVR45 million.
18 Jul 2019, 9:00 AM
Addu flight school plans to relocate to Noonu atoll
Negotiations to extend a 10-year lease broke down.
18 Jul 2019, 9:00 AM
Presidential committee to review US$22m payout to Dheebaja
Dheebaja agreed to halt a lawsuit seeking an enforcement order.
17 Jul 2019, 9:00 AM
Government foots settlement bill for victims of SeaLife flats scam
An out-of-court settlement was reached to compensate 203 buyers.
16 Jul 2019, 9:00 AM
Maldives moves to disallow longline fishing
The decision came after warnings from the EU of a fish exports ban.
16 Jul 2019, 9:00 AM
Lawmakers appeal for protection of Maldives fisheries industry
Four resolutions were submitted to parliament.
15 Jul 2019, 9:00 AM
MVR800 million to be invested in 10 hospitals
Work has already started on five of the 10 hospitals
17 Jun 2019, 9:00 AM
Ownership transfer halted for islands leased by MMPRC
More than US$90 million paid as resort acquisition fees was stolen.
27 May 2019, 9:00 AM
No taxes owed by GMR from US$271m arbitration award
The arbitration ruling indemnified the Indian developer from any tax liabilities.
26 May 2019, 9:00 AM
Import revenue increased in April
Some MVR4.1 billion worth of goods were imported.
19 May 2019, 9:00 AM
Water safety programme launched
There was a spate of tourist deaths by drowning earlier this year.
19 May 2019, 9:00 AM
Tourist arrivals in April reach 15-year record high
A 36 percent increase in arrivals was the highest year-over-year growth since 2004.
15 May 2019, 9:00 AM
State seeks to halt enforcement of US$22m payout
The AG office asked the civil court to dismiss Dheebaja’s lawsuit.
15 May 2019, 9:00 AM
China to help develop business sector
An MoU was signed with China’s State Administration for Market Regulation.
15 May 2019, 9:00 AM
Ex-president Gayoom urges Maldivians to respect other religions
The Azhar-educated scholar said Islam seeks to establish peace among all of humanity.
12 May 2019, 9:00 AM
Fitch affirms stable rating for Maldives
The outlook balances strong economic growth against a high debt burden.
12 May 2019, 9:00 AM
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