Business

News

18 Jun, 2025

Authorities Intensify Crackdown on GMCE Crypto Pyramid Scheme, No Arrests Yet

MALE’, Maldives — The GMCE investment scheme, popular among Maldivian investors from ordinary citizens to prominent figures, has been exposed as a pyramid scheme. Authorities are escalating efforts to take legal action

Business·MaldivesStyle·News

05 Aug, 2024

The Maldives: From Cowrie Shells to Polymer Notes

Data from the Maldives Monetary Authority (MMA) sheds light on the continuous process of maintaining a healthy circulation of banknotes. Last year alone, the MMA undertook a significant operation to remove worn-out

Business·India-Maldives·News

25 Jul, 2025

Bank of Maldives to Introduce Indian Rupee Accounts, Aiming to Bolster Trade and Remittances

Malé, Maldives — In a significant move to deepen economic ties with India, the Bank of Maldives (BML) announced on Friday that it will begin offering Indian Rupee (INR) accounts for personal

Port Gridlock Drives Up Bills as Dollar Falters

Congestion at the capital’s harbour, rising freight overheads, and controversial transport fee tweaks push household budgets to the limit—casting doubt on ruling party pledges to tame the parallel exchange rate. Global inflationary

06 Nov, 2026

Business·News·Politics

Promotional artwork released by Dhiraagu for its current DhiraaguPay giveaway campaign. Image via official X account (@Dhiraagu) / Dhiraagu Fintech

Dhiraagu Fintech Turns to Giveaways as Ooredoo’s m-Faisaa Dominates Telecom Payments

Faced with rival Ooredoo’s functional lead in cross-border payments, Dhiraagu’s payment arm is rolling out motorcycles, holiday trips, and rent subsidies to spur transaction volume. In the Maldives’ mobile wallet sector—a market

06 Nov, 2026

Business·News

AI-generated illustration for Kaafu Digest.

King of RasMalé’ Stays on Top as Competition Unfolds

The other day, a friend called to ask whether President Muizzu was actually winning the narrative on RasMalé. My initial reaction was to wonder: is there anyone out there even trying to

30 Oct, 2026

News·Op-Ed·Politics

Fact Checking Abdulla Shahid: Rhetoric Collides with Maritime Reality

During his election campaign, President Mohamed Muizzu leveraged an aggressive anti-India platform, demanding the complete removal of uniformed Indian military technical personnel and accusing previous Maldivian Democratic Party (MDP) administrations of compromising

28 Oct, 2026

News·World

Muizzu Promises SME Tax Cuts and Foreign-Exchange Relief to Drive Diversification

President Dr Mohamed Muizzu has announced a series of financial and regulatory measures designed to bolster the nation’s small and medium-sized enterprises, framing the private-sector reforms as essential to transforming the Maldives

25 Oct, 2026

News·Politics

Foreign Investors Face Growing Friction in the Maldives as Dollar Shortages and Policy Shifts Bite

For international investors navigating the Maldives, the idyllic postcard image of the Indian Ocean archipelago is increasingly colliding with a stark commercial reality: doing business in the island nation has become an

24 Oct, 2026

Business·News

Police Freeze 1,088 Accounts and Identify Hundreds of Suspects

Cybercrime has tightened its grip on the Maldives, prompting a coordinated international crackdown that has exposed a sprawling web of digital fraud operating across the Indian Ocean archipelago. According to figures released

24 Oct, 2026

News

Ooredoo empowers S. Meedhoo farmers with targeted sustainability drive

Ooredoo Maldives held a special edition of its “Grow with Ooredoo” initiative in S. Meedhoo to mark National Farmers’ Day and World Food Day. The two-day event, held last Thursday and Friday,

19 Oct, 2026

Business·News

Environment Ministry inks MoU with Chinese firm for 15MW solar energy project

The Ministry of Climate Change, Environment and Energy has signed a Memorandum of Understanding (MoU) with China’s Zhejiang Qingtian Solar Energy Technology Co. Ltd. to install a major solar power and battery

19 Oct, 2026

News

From Gazi Building to Velana Building, President Maumoon Abdul Gayoom spearheaded the development of government complexes—an initiative unmatched by any subsequent administration.

Ministry Warns Retailers to Display Prices as Consumer Advocates Highlight Enforcement Gaps

The Ministry of Economic Development and Trade has issued a strict warning that retailers will face enforcement action if they fail to clearly display prices on goods placed on shop shelves. Under

15 Oct, 2026

News

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Business

Authorities Intensify Crackdown on GMCE Crypto Pyramid Scheme, No Arrests Yet

The Maldives: From Cowrie Shells to Polymer Notes

Bank of Maldives to Introduce Indian Rupee Accounts, Aiming to Bolster Trade and Remittances

Port Gridlock Drives Up Bills as Dollar Falters

Dhiraagu Fintech Turns to Giveaways as Ooredoo’s m-Faisaa Dominates Telecom Payments

King of RasMalé’ Stays on Top as Competition Unfolds

Fact Checking Abdulla Shahid: Rhetoric Collides with Maritime Reality

Muizzu Promises SME Tax Cuts and Foreign-Exchange Relief to Drive Diversification

Foreign Investors Face Growing Friction in the Maldives as Dollar Shortages and Policy Shifts Bite

Police Freeze 1,088 Accounts and Identify Hundreds of Suspects

Ooredoo empowers S. Meedhoo farmers with targeted sustainability drive

Environment Ministry inks MoU with Chinese firm for 15MW solar energy project

Ministry Warns Retailers to Display Prices as Consumer Advocates Highlight Enforcement Gaps

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