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Latest Articles

Fenaka Overhauls Procurement Policy Following Audit of $144 Million in Contracts

Fenaka Corporation Limited is reviewing its procurement policy to align with the guidelines of the Privatization and Corporatization Board (PCB), aiming to establish a more transparent and accountable...

Fenaka Boosts Hoarafushi Power Capacity with New 1,000-Kilowatt Generator

Fenaka Corporation Limited has delivered a new 1,000-kilowatt generator to Haa Alifu Hoarafushi, aiming to strengthen the island's electricity grid and ensure a more stable power supply for the commun...

Maldives Spends $1.29 Billion on Debt Servicing Under Current Administration

The Maldivian government has spent USD 1.29 billion on national debt servicing during the first two and a half years of the current administration, far exceeding the combined expenditure of …

MMA to Launch New USD Verification System for Essential Goods Importers

The Maldives Monetary Authority (MMA) is developing a new verification system to streamline the allocation of US dollars to importers of essential goods. Launched in collaboration with the Maldives Cu...

Ibrahim Shiuree Resigns as Managing Director of Visit Maldives Corporation

Ibrahim Shiuree has resigned from his position as Managing Director of the Visit Maldives Corporation (VMC), the state-owned entity responsible for marketing and promoting the nation’s tourism industr...

Maldives and UN Sign Five-Year Framework to Accelerate National Development Goals

The Maldives and the United Nations have signed a comprehensive cooperation framework outlining shared development priorities for the next five years. The United Nations Sustainable Development Cooper...

Maldives Demands Tailored Finance to Combat Coastal Land Degradation at COP17

Minister of Climate Change, Environment and Energy Ali Shareef has urged the international community to develop financial mechanisms that address the unique challenges of Small Island Developing State...

New Dedicated Sector for Religious Products Introduced at National Innovation Expo

The Business Centre Corporation (BCC) has introduced a dedicated sector for religious products at this year’s National Innovation and Enterprise Expo, recognizing the growing demand and diversity of t...

Criminal Court Case Resolution Accelerates Following Judicial and Investigative Reforms

The operations of the Criminal Court have seen a significant increase in speed and efficiency, according to Prosecutor General Abbas Shareef. Speaking on the PSM News programme ‘Raajje Miadhu’, the …

Uligam to Become Northern Yacht Hub with New Specialized Marina Project

Uligam in Haa Alif Atoll is set to become a strategic hub for recreational and commercial yachts following the development of a new specialized marina. Minister of Economic Development, Transport, …