Author: Mohamed Reehaan
Allied Takaful on Sunday, March 8, announced the launch of a special Kaman Takaful promotion, offering customers the opportunity to begin their protection journey with added value. The promotion will run from March 8 to May 7, during which customers who take a Kamana Takaful plan will receive their first month’s contribution free. Kamana Takaful is a Shari’ah-compliant protection and savings plan designed exclusively for women, combining financial protection with long-term savings benefits. The plan is structured around three key pillars; Savings, Security, and Flexibility. Participants of this plan will receive a wide range of benefits, including an emergency fund…
The Maldives Monetary Authority (MMA) has today appointed Mohamed Ishan as the Head of the Financial Intelligence Unit (FIU), the national body responsible for coordinating efforts to combat money laundering and financing of terrorism. The appointment was made following an internal recruitment process open to MMA staff, where candidates who expressed interest underwent a rigorous interview process. Prior to this appointment, Ishan served as the Head of Finance at the MMA. Ishan, a highly qualified and experienced professional in the financial sector, is a Chartered Accountant and holds associate membership with the Chartered Institute of Management Accountants (CIMA) in the…
The Bank of Maldives (BML) has announced its innovative digital wallet, Swipe, as the official wallet of Visit Maldives. The strategic partnership between Swipe and Visit Maldives was formalized during a signing ceremony held at BML. The agreement was signed by Mohamed Shareef, CEO and Managing Director of BML and Ibrahim Shiuree, CEO and Managing Director of Visit Maldives. Under this agreement, Swipe will be positioned as the premier payment solution for tourists visiting Maldives as a convenient, secure payment solution. Swipe is a 100% Maldivian-developed multi-currency digital wallet, built in compliance with domestic regulatory frameworks and international payment industry…
The State Trading Organization (STO) on Thursday, March 5, announced the new fuel prices. According to STO, petrol will now be sold at MVR 16.01 per liter. Previously petrol was sold for MVR 13.50 per liter, indicating an MVR 2.51 increment. Similarly diesel prices have increased to MVR 17.54 per liter from MVR 13.92 per liter, which is an increase of MVR 3.62. This increment in fuel prices reflect the current geopolitical conflict, that has recently escalated in the Middle East. Fighting involving Iran, Israel and the US has disrupted energy infrastructure and shipping routes. Prices have risen across the…
The Burunu Boma Global Sport Fishing Tournament is now officially open for registration, inviting elite anglers from around the world to compete in the Maldives’ premier sport fishing event. The Burunu Boma Global Sport Fishing Tournament will kick off from June 13 to 15, 2026. Visit Maldives Corporation (VMC) is organizing this flagship initiative to celebrate the country’s deep-rooted fishing heritage. Following the historic success of the 2025 inaugural edition, which saw intense competition and dynamic daily leaderboards featuring top-tier international teams, this year’s tournament is expected to be more than double in size. The competition is a high-stakes test…
The strategic economic measures of the current administration have significantly bolstered the state’s financial standing, yielding USD 222.8 million in foreign currency revenue during the first two months of 2026. According to the Weekly Fiscal Development of the Ministry of Finance, for the 8th week of 2026, the state recorded a total revenue and grants of MVR 7.8 billion between January 1, 2026 to February 26, 2026. During the same period, total expenditure stood at MVR 5.9 billion. Consequently, the state achieved a record budget surplus of MVR 1.9 billion by the end of this period. This represents a substantial…
Minister of Transport and Civil Aviation, Mohamed Ameen on Wednesday, March 4, announced that efforts are being made to launch the government’s new taxi service on the upcoming Eid-ul-Fitr. The minister shared these details during a press conference held to provide updates on the ministry’s ongoing projects. Minister Ameen explained that commencement of this service faced delays due to necessary technical modifications required for the vehicles. He noted that since the service will operate in close proximity to sea, these essential adjustments ensure a long-term durability of the fleet under the local environment. The service will utilize three different car…
The Minister of Tourism, Thoriq Ibrahim on Wednesday has said Maldives will be opening seven new tourist resort properties throughout the year. He made the remarks in a press briefing at the President’s Office on Wednesday, where he said that these new properties will add over 1,000 beds to the market. The minister also confirms leasing 31 different venues for various tourism-related ventures since President Dr. Mohamed Muizzu took office. While speaking the policies for the tourism industry, the minister further affirmed leniencies to developers and stakeholders to develop properties in atolls with fewer resorts. Thoriq said this decision aims…
Allied Insurance Company of the Maldives on Wednesday, March 4, announced its official partnership with Elite Runners Maldives as the Title Sponsor for this year’s Hulhumale’ Run. The event, now officially named Allied Hulhumale’ Run 2026, will take place on May 22, 2026 in Hulhumale’, bringing together runners, families, and fitness enthusiasts from across the Maldives for one of the nation’s most anticipated running events. The Allied Hulhumale’ Run 2026 offers four exciting race categories designed to welcome participants of all ages and fitness levels. The categories of this year’s Hulhumale’ Run include: 1-Mile Family Run 5KM Run 10KM Run…
STO Healthcare has supplied an advanced cardiovascular ultrasound system to Hulhumale’ Hospital to enhance the hospital’s cardiac, pediatric, and neonatal diagnostic capabilities. The introduction of the GE Vivid E95 cardiovascular ultrasound system was complemented by a structured application training session conducted at the hospital on February 22, 2206. This session was attended by healthcare professionals from Hulhumale’ Hospital, with participation from representatives of Tree Top Hospital. The system is delivered through STO Healthcare’s authorized partnership with GE HealthCare, one of the global leaders in medical imaging and healthcare technology. The GE Vivid E95 is designed to deliver high-resolution cardiac imaging,…