Yameen Slams Alleged 17% Loan Plan to Refinance Sukuk
Former president Abdulla Yameen Abdul Gayoom has criticised the Muizzu administration over an alleged plan to borrow at an interest...
Undersea Mining for Oil, Minerals to Be Conducted With Minimal Environmental Impact: Shiyam
Minister of Fisheries and Ocean Resources Ahmed Shiyam said on Wednesday that the designation of undersea mining as a permitted...
Fayyaz Ismail Warns of ‘Dangerous Lack of Planning’ as USD 500m Sukuk Deadline Nears
Former Maldivian Democratic Party (MDP) chairperson Fayyaz Ismail has accused the Muizzu government of failing to plan for a major...
Fayyaz Says Hanimaadhoo Airport Will Drive Economic Growth in Northern Atolls
Opposition leader and Maldivian Democratic Party (MDP) Chairperson Fayyaz Ismail said the newly opened Hanimaadhoo International Airport would play a...
Nasheed Warns of Default Risks as Maldives Struggles With $500M Sukuk
The Maldives is facing mounting investor scepticism over plans to refinance a $500 million Sukuk bond maturing in April 2026,...
MMA Urges Government to Enact Reforms as Dollar Hits Record High in Black Market
The Maldives Monetary Authority (MMA) on Thursday called on the government to urgently implement its economic reform agenda, warning that...
Ex-Finance Minister Warns Rasmalé Advance from Reserves Risks National Bankruptcy
Former Finance Minister Ibrahim Ameer has urged the Ministry of Finance and the Maldives Monetary Authority (MMA) not to follow...
Official Reserves Fall by $40.5 Million in May
The Maldives’ official reserves fell by $40.5 million in May, latest central bank figures showed, as the country continues to...
Electricity, Food Prices Push Inflation to 4.55% in May
Consumer prices in the Maldives rose 4.55 percent in May compared to the same month last year, according to data...
Fitch Maintains Maldives ‘CC’ Rating, Flags High Default Risk and Refinancing Challenges
Fitch Ratings on Thursday affirmed the Maldives’ long-term foreign currency issuer default rating at ‘CC’ with a stable outlook, citing...
