Indian infrastructure firm, GMR, has won at least US$250million in damages from the Maldivian government for abruptly cancelling a lucrative contract to develop and manage the...
As of August this year, Chinese arrivals have fallen by -11.5 percent, prompting Mega Maldives Airlines, which pioneered direct flights to China, to downsize and freeze...
Maldives Ports Limited CEO Mohamed Junaidh told the press this morning that Meridiam Services has been billing for 160,000 litres a month despite MPL's vehicles needing...
The civil court granted the temporary order pending a judgment in a lawsuit filed by Meridiam Services, which claims the Maldives Ports Limited is buying diesel...
The US$150m loan will be used to service the Maldives' foreign debt. The opposition claims the move is a signal that the Maldives is heading towards...
The State Trading Organisation, the largest state-owned enterprise and the country's primary wholesaler, has assured its shareholders that a merger with the debt-ridden state fisheries company...
Yameen said he had no choice but to hike food prices following a backlash from within his own party. The opposition has meanwhile accused him of...
President Abdulla Yameen has decided to bring the debt-ridden and loss-making state-owned Maldives Industrial Fisheries Company under the umbrella of the behemoth State Trading Organisation.
Shops across the Maldives reported running out of food staples on Friday as customers rushed to buy rice, flour and sugar following an abrupt announcement by...
Tourism Minister Zameer blamed the opposition's alleged scaremongering about religious extremism in the Maldives for lower than anticipated arrivals growth. Bad press in international media about...
Economic Development Minister Saeed said the Maldives is hoping to secure duty-free status for fish and processed seafood exports. The Maldives’ first bilateral free trade deal...
"This is a concessional loan from the Saudi Fund to be repaid within 25 years, with a grace period of five years, at an interest rate...
The finance ministry has slashed travel budgets, imposed a freeze on appointments, and ordered government offices to close by 2:30pm as it struggles to meet ambitious...
"Several individuals we want for questioning, including those who have been in hiding despite Interpol red notices, have confessed to their part in the scandal. In...
Reserves at the Maldives Monetary Authority readily available for use in the foreign currency exchange market declined by US$1.5 million in July as the central bank...
The Maldives was assigned a local and foreign currency issuer rating of B2, which is considered "speculative and subject to high credit risk." According to Moody's,...
The properties for sale in Hulhumalé include 38 beachfront plots and 38 beachside plots, each between 1,000 to 1,800 square feet. Bidding will start at MVR3,000...
