Economy

The Managing Director of Maldives Gas, right, appears on a delivery pickup in a promotional photograph.

09 Apr, 2026

PCB orders deeper cuts as government steps up monitoring of Middle East fallout

The government continues to absorb the immediate economic shocks from the Middle East unrest, and for now the effects have not spilled into the streets. Shops remain stocked, the bazaar is steady

Leaders·News

03 Apr, 2026

Sukuk Paid Without Printing Money, Keeping Reserves at Record Levels: President

President Dr Mohammed Muizzu said the government has repaid the 500 million dollar sukuk taken during former president Ibrahim Mohamed Solih’s administration without printing money and without reducing any state benefits. He

Gulf Crisis·Leaders·News·Op-Ed

03 Apr, 2026

Maldives’ Fiscal Achievement Draws Positive Attention Across International Media

International coverage of the Maldives shifted this week after the government confirmed on 2 April that it had fully settled the USD 500 million Sukuk issued in 2021, along with the final

In the Islands, an ATM Is Not a Luxury. It Is a Lifeline.

Across the scattered atolls of the Maldives, banking has never been the simple, high‑street affair imagined elsewhere. Here, where communities live on islands separated by hours of sea, access to cash is

03 Apr, 2026

Leaders·News

Maldives Hails Landmark Sukuk Repayment as Vote of Confidence in Muizzu’s Economic Stewardship

The Government of Maldives has completed the full settlement of the USD 500 million Sukuk issued in 2021, marking one of the most significant financial milestones in recent years and strengthening confidence

02 Apr, 2026

Gulf Crisis·Leaders·News

CHEC begins survey work as Thilafushi port relocation moves into first phase

China Harbour Engineering Company has begun the initial design and survey work for the first phase of the Thilafushi port project, according to Maldives Ports Limited. The company was awarded the contract

01 Apr, 2026

Business·News

Finance Ministry Preparing Cost‑Cutting Plan for President Amid Revenue Loss from Gulf Conflict

The Finance Ministry will submit a detailed plan to President Dr Mohamed Muizzu within a week outlining areas where government expenditure can be reduced and savings can be made, Finance Minister Moosa

25 Mar, 2026

Gulf Crisis·News

ADFD Agrees to Defer USD 100 Million Sukuk Repayment, Says Minister Zameer

The Abu Dhabi Fund for Development (ADFD) has agreed to defer repayment of a USD 100 million sukuk issued by the Maldivian government, Minister of Finance and Planning Moosa Zameer said today.

25 Mar, 2026

Gulf Crisis·News

Government Begins Procurement for Major Gas Storage Expansion to End Recurrent Shortages

STO subsidiary Maldive Gas has begun work to expand the country’s cooking‑gas storage capacity, aiming to build reserves sufficient for two months and 15 days, Finance Minister Moosa Zameer said today. Speaking

25 Mar, 2026

News

BML Working to Open First Overseas Branch in Sri Lanka, Says CEO

The Bank of Maldives (BML) is preparing to open its first overseas branch in neighbouring Sri Lanka, CEO and Managing Director Mohammed Shareef has confirmed. Speaking to state media, Shareef said the

25 Mar, 2026

News

Government Confirms No Difficulty in Repaying $500 Million Sukuk Due This Year

Finance Minister Moosa Zameer says the Maldives will face no difficulty in repaying the $500 million (MVR 7.7 billion) sukuk issued by the former administration in 2021, which is due for settlement

12 Mar, 2026

Gulf Crisis·News

OPEC Fund Extends $100 Million Loan to Maldives to Cushion Impact of Gulf Crisis

The OPEC Fund has extended a $100 million (MVR 1.54 billion) loan to the Maldives to help the country mitigate the economic impact of the Middle East conflict, Finance Minister Moosa Zameer

12 Mar, 2026

Gulf Crisis·News

Foreign Minister Reaffirms Maldives Will Not Allow Its Airspace for Any Military Action

Foreign Minister Dr Abdulla Khaleel says the Maldives will not permit its airspace to be used for any military purpose linked to the escalating conflict in the Middle East, underscoring the government’s

12 Mar, 2026

Gulf Crisis·News

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Economy

PCB orders deeper cuts as government steps up monitoring of Middle East fallout

Sukuk Paid Without Printing Money, Keeping Reserves at Record Levels: President

Maldives’ Fiscal Achievement Draws Positive Attention Across International Media

In the Islands, an ATM Is Not a Luxury. It Is a Lifeline.

Maldives Hails Landmark Sukuk Repayment as Vote of Confidence in Muizzu’s Economic Stewardship

CHEC begins survey work as Thilafushi port relocation moves into first phase

Finance Ministry Preparing Cost‑Cutting Plan for President Amid Revenue Loss from Gulf Conflict

ADFD Agrees to Defer USD 100 Million Sukuk Repayment, Says Minister Zameer

Government Begins Procurement for Major Gas Storage Expansion to End Recurrent Shortages

BML Working to Open First Overseas Branch in Sri Lanka, Says CEO

Government Confirms No Difficulty in Repaying $500 Million Sukuk Due This Year

OPEC Fund Extends $100 Million Loan to Maldives to Cushion Impact of Gulf Crisis

Foreign Minister Reaffirms Maldives Will Not Allow Its Airspace for Any Military Action

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