Minister of Foreign Affairs, Moosa Zameer, has embarked on an official visit to the Kingdom of Saudi Arabia, marking a critical step in the Maldives' strategy to deepen relations with... read more →
The Maldives is experiencing a significant decline in its foreign reserves, raising concerns about the country's economic stability and its ability to maintain essential imports. Recent data released by the... read more →
The Minister of Foreign Affairs, Moosa Zameer, has issued a strong call for urgent international action on debt relief and climate justice during the Foreign Ministers’ Session of the Third... read more →
The Maldives Inland Revenue Authority (MIRA) has successfully completed a significant mission focused on criminal investigation, conducted in collaboration with Tax Inspectors Without Borders (TIWB). This mission has been instrumental... read more →
The Minister of Economic Development and Trade, Mohamed Saeed, announced ongoing efforts to open a branch of a Chinese bank in the Maldives. This initiative, revealed at the Maldives-Sichuan Trade... read more →
Introduction In the first quarter of 2024, the Maldivian economy experienced a significant boost, with real Gross Domestic Product (GDP) growing by 9.8% compared to the same period in 2023.... read more →
The Maldives Monetary Authority (MMA) board has approved significant changes to its management structure to modernize and enhance its operations as a central bank. These changes are aimed at improving... read more →
Introduction The Maldives and the United States have further solidified their development cooperation by signing the fourteenth amendment to the Development Objective Grant Agreement (DOAG). This amendment represents a significant... read more →
Overview In June 2024, the Maldives experienced a notable rise in inflation, with the annual inflation rate increasing to 1.4%, up from 0.8% in May 2024. This uptick can be... read more →
The Maldives Transport and Contracting Company (MTCC) reported a significant revenue decline in the second quarter of this year. According to their quarterly report, MTCC earned MVR 497 million in... read more →