Financial News, analysis and publications from the Maldives https://mfr.mv/public-sector/foreign-minister-iruthisham-condemns-continued-israeli-aggression-and-calls-for-a-strengthened-response-amongst-oic-member-states The Minister of Foreign Affairs, Iruthisham Adam, participated in the Extraordinary Meeting of the Council of Foreign Ministers of the Organisation of the Islamic Cooperation (OIC), held today in Jeddah,... Sat, 29 Aug 2026 11:11:54 +0000 https://mfr.mv/banking/first-phase-of-the-youth-entrepreneurship-successfully-concludes The first phase of Youth Entrepreneurship Financing, launched by Bank of Maldives (BML)  in collaboration with SME Digital, has successfully concluded, providing over MVR 300 million in financing to more... Sat, 29 Aug 2026 11:05:39 +0000 https://mfr.mv/financial-sector/maldives-customs-signs-mou-with-banks-in-the-maldives-on-tt-verification A Telegraphic Transfer (TT) Verification MoU has been signed between all banks operating in the Maldives and the Maldives Customs Service. Sat, 29 Aug 2026 10:42:21 +0000 https://mfr.mv/travel-and-tourism/10th-edition-of-ttm-opens-with-global-travel-trade-converging-in-maldives The Maldives is strengthening engagement with the global travel trade as the 10th edition of Travel Trade Maldives (TTM) 2026 begins today at Barceló Nasandhura Malé, bringing together tourism businesses... Sat, 29 Aug 2026 11:10:15 +0000 https://mfr.mv/financial-sector/mma-s-2030-vision-aims-to-strengthen-rufiyaa-and-reduce-dependency-on-usd The Maldives Monetary Authority (MMA) has outlined a long-term vision to strengthen the Maldivian Rufiyaa and reduce the economy’s dependence on the US dollar by 2030. Tue, 25 Aug 2026 15:06:11 +0000 https://mfr.mv/public-sector/mwsc-explores-underwater-water-production-facility-in-greater-male The Maldives Water and Sewerage Company (MWSC) has begun studying the feasibility of establishing an underwater water production facility in the Greater Male' Region. Sat, 29 Aug 2026 11:38:28 +0000 https://mfr.mv/public-sector/the-government-of-maldives-and-united-nations-sign-the-new-cooperation-framework-to-promote-sustainable-development The Government of the Republic of Maldives and the United Nations today signed the United Nations Sustainable Development Cooperation Framework (UNSDCF) 2027–2031, reaffirming their shared commitment to advancing sustainable, inclusive... Sat, 29 Aug 2026 11:13:36 +0000 https://mfr.mv/public-sector/mwsc-denies-allegations-over-vessel-purchase The Managing Director of the Maldives Water and Sewerage Company (MWSC), Hussain Fahmy, has denied allegations circulating on social media. Sat, 29 Aug 2026 11:27:05 +0000 https://mfr.mv/financial-sector/mma-announces-names-of-resorts-that-are-not-complying-with-the-foreign-exchange-act The Maldives Monetary Authority (MMA) has announced the names of the resorts that do not exchange foreign currency in any way as per the Foreign Exchange Act. Sat, 29 Aug 2026 10:59:13 +0000 https://mfr.mv/financial-sector/government-revenue-and-grants-increased-by-10-4-percent-with-the-increase-in-tgst According to the latest Weekly Fiscal Developments Report released by the Ministry of Finance and Public Enterprises, the state received MVR 27.1 billion in revenue and grants as of August... Sat, 22 Aug 2026 15:12:39 +0000