Author: Mohamed Reehaan

The Maldives has pledged USD 50,000 as its annual contribution to Palestine through the United Nations Relief and Works Agency for Palestinian Refugees in the Near East (UNRWA). The Permanent Representative of the Maldives to the United Nations Dr. Ali Naseer Mohamed announced the pledge at this year’s UNRWA’s Pledging Conference. The conference was held on July 1 at the UN Headquarters in New York. In his statement, Naseer said supporting UNRWA goes beyond a budgetary decision. He described this contribution as an investment in preserving the dignity of a people and protecting the international rules-based order. Naseer further addressed…

The Minister of Finance and Public Enterprises Hassan Zareer has urged government institutions to deepen their cooperation to strengthen the country’s economic resilience. The minister made the remarks at the launch of the Maldives Monetary Authority (MMA) Financial Sector Awards. He said that the Maldives central bank, the Finance Ministry, and other state institutions must work tightly to deliver fiscal and monetary policies that secure financial stability, and sustainable growth. He stressed that these policies should not place an excessive burden on the public. Zareer also pressed for structural reforms to tackle economic challenges and reinforce the financial system. He…

The Minister of Education, Higher Education and Skills Development Ismail Shafeeu announces that Key Stage One students will sit in an international assessment in November 2026. The assessment will allow their performance to be compared with international students of the same age group. Speaking at a ceremony held to mark the release of Key Stage Three National Assessment of Learning outcomes report, the minister said that the government believes in an evidence-based learning approach. While the National Assessment of Learning Outcomes for Key Stage One and Two were conducted, adequate corrective measures fell short of being implemented, the minister said.…

The Ministry of Infrastructure, Housing and Urban Development is seeking an interested party to provide consultancy services to develop the master plan for the Rasmalé development project. The current government launched the Rasmalé mega project as means to provide a permanent fix to one of the most prevailing concerns Greater Malé Region has been facing for decades: housing. While launching the project, President Dr. Mohamed Muizzu announced the culmination of Rasmalé development means a home for all who need it: and a fully developed city close to the capital with state-of-the-art facilities and amenities. Under the project, a total of…

The Minister of Economic Development, Transport and Trade Mohamed Saeed on Tuesday has said over 3,200 start-ups and ventures have linked up to PayPal via Ooredoo’s m-Faisaa. The minister’s statement came at a press conference held at the President’s Office on Tuesday. Speaking with local press, the minister credits introduction of PayPal’s service to the current administration’s arduous efforts. Saeed noted that the introduction came through by the combined effort of the government, Ooredoo and PayPal. Additional to this, the minister also responded to rumors regarding PayPal’s services in the Maldives. Claims of the service not fully available in the…

Bank of Maldives (BML) on Tuesday unveiled its latest offering: a new US Dollar Investment offering enabling customers to earn competitive returns. How Does This Work? To earn competitive returns, customers must invest US Dollars. The invested funds will support the bank’s fee-generating commercial activities while delivering “attractive returns” to investors. The invested dollars will be utilized to facilitate the bank’s commercial operations, enabling investors to earn returns while supporting the sustainability of essential banking services. Information regarding the daily investment pools became available effective Tuesday through BML Mobile App and Internet Banking. The information includes details of the rate…

The Maldives Islamic Bank (MIB) has announced opening the application window for the MIB Guesthouse Awards 2026 on July 15. The bank has published the eligibility criteria for the awards. The MIB Guesthouse Awards is also the only such award introduced in the Maldives to date specifically aiming to promote the expanding local tourism sector and recognize the outstanding efforts of island-level service providers, guesthouses, and the islands themselves. MIB has appointed Crowe Maldives Advisory to ensure fairness and transparency of the evaluation process. According to the bank, the awards have been divided into two tiers to further enhance fair…

The Housing Development Corporation (HDC) has become the first state-owned enterprise (SOE) to meet the disclosure requirements under the Right to Information (RTI) Act. Information Commissioner Aahid Rasheed announced HDC’s milestone in a social media post, in which he praised the corporation for its commitment and compliance. He further noted the company’s proactive stance in making all legally mandated information available to the public. According to the Commissioner, HDC now sets a benchmark for other SOEs. He further urged the remaining SOEs to follow the corporation’s example and meet their own disclosure obligations. Moreover, the Commissioner stressed on the importance…

Maldives President Dr. Mohamed Muizzu, on Monday, has said that the incumbent government is working towards facilitating equity financing to assist citizens with prospective home development plans. Equity financing remains one of the most significant hurdles to obtaining housing loans. Speaking a press conference held at the President’s Office, the Maldives head of state said that the Housing Trust Fund will be expanded, and efforts will be made to provide equity financing with the assistance of the said fund. He affirmed the government’s commitment to implement the solution within this year. “Once equity finance is provided, individuals can approach banks…

The incumbent cabinet on Monday has approved a string of special measures aimed at strengthening public service delivery and ensure completion of government-endorsed projects within endorsed timelines. Cabinet formalized these decisions at its meeting held on Sunday, June 28. Among the measures, the Cabinet resolved on fully operationalizing the government’s Dhuveli portal by the end of the week. The portal will monitor all government projects and activities: synergizing state vigilance on public interest matters. The portal will run in cohesion with the Public Investment Management System (PIMS) developed by the Ministry of Finance and Public Enterprises. Both platforms will be…