MMA
Medical-purpose dollar sales triple year-on-year
MMA data show USD 41.1 million was sold for medical treatment by the end of September 2026, three times the figure recorded in the same period of 2025.
Business
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MMA
MMA limits private medical forex to six countries
Maldivians seeking treatment abroad at their own expense can now buy only USD 1,000 through banks for travel to India, Sri Lanka, Thailand, Malaysia, Singapore or the UAE.
Banking
BML records strongest nine-month profit on record at MVR 1.93 billion
Net profit rose 26 percent year-on-year for the first three quarters, with capital adequacy remaining well above regulatory minimums.
BHM
BHM introduces Able Farm milk range to Maldivian market
The trading company has launched full cream, low-fat and children's variants of the brand, expanding options for households seeking higher-quality dairy products.
Rasmalé
Abu Dhabi firm and government sign terms for RasMale waterfront and marina project
Eagle Hills and Maldivian authorities have agreed commercial terms for a $20 billion development that includes waterfront and marina facilities on the reclaimed island.
Banking
MIB opens sales centre and ATM in Sh. Funadhoo
The Islamic bank has launched the facilities to give residents and businesses easier access to deposits, withdrawals and other services.
Economy
Moody’s upgrades Maldives credit rating to Caa1 with stable outlook
The agency cited reduced default risk after successful debt payments, while noting the budget deficit and debt-to-GDP ratio remain elevated.
Economy
Foreign traders in restricted sectors required to transfer ownership to Maldivians
Under updated foreign investment rules, businesses in two reserved sectors must place legal ownership and control with Maldivian partners from 8 October.
Investment
Contractor proposes scope changes for Maldives International Financial Centre
The government has said the company awarded the multi-billion-dollar Hulhumale project has requested adjustments, and authorities are reviewing the revised feasibility.
Eagle Hills
Eagle Hills aims to finalize $20b Ras Malé agreement by Republic Day
Chairman Mohamed Alabbar expects the definitive USD 20 billion contract to be signed during November 11 celebrations.
