Economy
Maldives seeks World Bank support as energy costs push deficit toward 9%
Finance Minister Hassan Zareer says rising fuel subsidies and weaker tourism revenues are straining reserves and growth forecasts.
Business
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Economy
Moody’s upgrades Maldives sovereign rating to Caa1 after debt repayments
The agency cited successful refinancing of major obligations and stronger foreign-exchange buffers.
Economy
IMF projects Maldives economic growth to slow to 1 percent in 2026
The Fund cites Middle East tensions, weaker tourism and higher energy prices as the main factors.
Economy
Record import volumes signal economic activity despite external pressures
Economic Development Minister Mohamed Saeed says the Maldives is clearing containers at levels not seen before.
Rasmalé
Rasmalé waterfront and marina project advances with Eagle Hills
A $20 billion commercial agreement covers waterfront development and related tourism infrastructure.
Economy
Resort lease revenue rises 10.8 percent in first nine months of 2026
MIRA reported MVR 1.6 billion in resort lease income by the end of September, up from MVR 1.4 billion a year earlier.
Fenaka
Dr Ali Azwar appointed acting managing director of Fenaka
The appointment follows the departure of Mohamed Afeef Hussain, who has been named a state minister.
STELCO
STELCO begins official electricity supply in Kulhudhuffushi City
The state utility has formally started providing power services in the northern city.
RDC
Nazeem removed as RDC managing director; Saudi named acting
The change at the Regional Development Corporation follows a board decision.
Economy
India rolls over 30 billion rupee currency swap for Maldives
New Delhi agreed to the request from the Maldives government to ease foreign exchange pressures.
