Saudi Fund Pledges US$150 Million Loan to Maldives
The Saudi Fund for Development (SFD) has pledged US$100 million for the completion of the new terminal at Velana International...
President-Elect Charts ‘Pro-Maldives’ Course, Prioritises Sovereignty and Transparency
President-Elect Dr Mohamed Muizzu is set to redefine the Maldives’ foreign policy by focusing on sovereignty and transparency. Following his...
Maldives Loses US$1.7 Billion Annually Due to Non Performing Resort Developments
The Maldivian economy is losing an estimated US$1.7 billion (MVR 26 billion) every year due to work not being completed...
Budget 2024 Forecasts 5.3% Rise Amidst Political Transition
The Ministry of Finance has forecast a 5.3% increase in the state budget for 2024, setting it at an estimated...
Ahmed Ismail Acquitted in High-Profile Abduction and Murder Cases
Concerns grow over the absence of convictions in cases of abducted journalist Ahmed Rilwan and murdered blogger Yameen Rasheed. Ahmed...
Maldives Condemns Israeli Aggression in Gaza as War Crimes
The Maldives government has issued a strongly worded statement condemning the ongoing Israeli military aggression against innocent civilians in the...
Heavy Rains, Floods Inundate Islands in North
Islands in the north of the country have been inundated with heavy rains causing largely unprecedented floods in those regions....
President-Elect Muizzu ‘Satisfied’ with the Transitional Process
President-elect Mohamed Muiz has said he has been satisfied with the Ibrahim Mohamed Solih administration’s cooperation in the transition process....
Aasandha Costs Over Budget Again, This Year by 120 Percent
Aasandha expenditure will increase to 120 percent over the budgeted amount for 2023, the administration expects. While allocation for this...
State Budget Woes: An Analysis of Fiscal Struggles and Remedial Measures
In a concerning report on the fiscal climate, the Ministry of Finance has shed light on the intricate challenges besetting...
