Economic Growth Positive But Reforms Needed to Stay on Track: World Bank
The Maldivian economy continued to expand in the first quarter of 2023 by 5.5 percent year-on-year, surpassing pre-pandemic levels, the...
Tourist Card Payments Strain USD Supply
Businesses turn to the black market for their regular dollar influx as the exchange rate yo-yos between MVR18.10 and MVR18.30...
Tomato Shortage Forces Fast Food Chains in India to Make Changes
Burger King, one of India’s leading fast food chains, has announced the removal of tomatoes from its menu across its...
Ihavandhippolhu Set to Revolutionise Economy: Fayyaz
Fayyaz Ismail, the Minister of Economic Development, has affirmed that the bunkering facility within the ambitious port city development project...
Government Obtains €50M Budget Support Loan from Private Entity
Records from the Ministry of Finance have revealed that the government has secured a €50 million loan (equivalent to MVR...
Worldcoin Expands Global Footprint
Worldcoin, the brainchild of OpenAI CEO Sam Altman, is poised to broaden its footprint on a global scale, aiming to...
Commonwealth to Assist Small States to Gain from Multilateral Trade
The 2023 Commonwealth Trade Ministers Meeting concluded at Marlborough House in London on Tuesday, with the shared commitment to promote...
Nominal GDP Set to Top MVR 100 Billion for First Time in History
Finance Minister Ibrahim Ameer announced on Friday that the country’s nominal gross domestic product (GDP) is expected to exceed MVR...
Emirates Group Posts Record Profit and Revenue in 2022-23
The Emirates Group has reported its most profitable year ever, with a record profit of US$ 3.0 billion for the...
Maldives’ De-Dollarisation Efforts Lose Steam Amid Economic Concerns
In recent years, the Maldives has been making strides towards de-dollarising its economy and promoting the use of its own...
