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...
Japan Grants ¥194 Million to Maldives Under Scholarship Programme
Japan on Tuesday signed an agreement to provide 194 million Japanese Yen (approx. US$1.3 million) in grant aid to the...
President’s Office Deletes Statement After Mistaken Identity of Saudi Visitor as ‘Prince’
The President’s Office has quietly deleted a press release stating that President Mohamed Muizzu met with a Saudi “prince” earlier...
Maldives Condemns Israel’s ‘Genocidal Aggression’ in Gaza, Calls for Urgent International Action
The Maldives on Sunday condemned what it described as “genocidal aggression” by Israeli forces in Gaza and urged the international...
Maldives Records 8.1% Growth in Tourist Arrivals
Tourist arrivals to the Maldives have surpassed 900,000 so far this year, marking an 8.1% increase compared with the same...
Moody’s Retains Caa2 Rating for Maldives Citing Debt Repayment Risks
Moody’s Ratings has warned that the Maldives continues to face “heightened external liquidity risks”, despite a modest improvement in foreign...
Maldives Signs $9 Billion Deal With MBS Global to Set Up International Financial Centre
The Maldives on Sunday signed a joint venture agreement and memorandum of understanding (MoU) with Dubai-based MBS Global Investments to...
Maldives Urges Regional Cooperation to Address SIDS’ Urban Development Challenges
The Maldives on Tuesday called for stronger regional cooperation to advance sustainable and resilient urban development that reflects the needs...
MDP Denounces ‘Politically Motivated’ Lawsuits Against Chairperson, Party Member
The opposition Maldivian Democratic Party (MDP) has condemned what it described as “politically motivated” lawsuits against its Chairperson Fayyaz Ismail...
Saudi Fund Provides Additional US$17 Million Loan for VIA Expansion
The Saudi Fund for Development (SFD) has signed an agreement to provide an additional US$17 million loan to the Maldives...
