{"id":7261,"date":"2023-11-18T10:26:29","date_gmt":"2023-11-18T05:26:29","guid":{"rendered":"https:\/\/mbt.mv\/?p=7261"},"modified":"2023-11-18T10:26:29","modified_gmt":"2023-11-18T05:26:29","slug":"president-muizzu-appoints-saeed-as-economic-minister-shafeeq-as-finance-minister","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=7261","title":{"rendered":"President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister"},"content":{"rendered":"<p>President Dr. Mohamed Muizzu, fresh off of his oath taking, appointed the ministers to his cabinet on Friday evening, November 17.<\/p>\n<p>The newly sworn-in President appointed Mohamed Saeed as the Minister of Economic Development and Dr. Mohamed Shafeeq as the Minister of Finance.<\/p>\n<p>The two, along with other cabinet ministers under the Dr. Muizzu administration were designated for their respective positions in a ceremony held at the President&#8217;s Office.<\/p>\n<p>Dr. Muizzu is focused on addressing the rising debt of Maldives, and revitalizing the country&#8217;s economic post Covid-19 pandemic, the two ministers are expected to play instrumental roles in steering the island nation towards progressive growth.<\/p>\n<p>Saeed has previously served as the Minister of Economic Development under former President Abdulla Yameen&#8217;s administration. Being a cabinet colleague of current President, Saeed has been appointed for the post in light of the progressive efforts made by the ministry during his previous tenure.<\/p>\n<p>The minister has 18 years of experience in managerial roles in various resorts and other corporate bodies before his transition into politics. He also served as a non-executive member of the Maldives Monetary Authority&#8217;s (MMA) Board of Directors.<\/p>\n<p>Saeed had also previously filled the position of the Director of Asia Infrastructure and Investment Bank, and was the super CEO in three state-owned enterprises during Yameen&#8217;s administration.<\/p>\n<p>On the other hand, the newly appointed Minister of Finance Shafeeq is new to both politics and ministerial positions. He previously was the Chief Financial Officer of the Housing Development Finance Corporation (HDFC).<\/p>\n<p>Shafeeq holds a PhD in Business Administration and has provided consultancy services to various local and international corporations in the financial and economic sectors in the Maldives. He also served as a board member of the Maldives Hajj Corporation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Dr. Mohamed Muizzu, fresh off of his oath taking, appointed the ministers to his cabinet on Friday evening, November 17. The newly sworn-in President appointed Mohamed Saeed as the Minister of Economic Development and Dr. Mohamed Shafeeq as the Minister of Finance. The two, along with other cabinet ministers under the Dr. Muizzu administration<\/p>\n","protected":false},"author":4,"featured_media":7262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423,2424,2428],"tags":[1301,1458,1461,1477,1481,1708],"class_list":{"0":"post-7261","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-finance","9":"category-public-sector","10":"tag-maldives-government","11":"tag-minister-of-economic-development-mohamed-saeed","12":"tag-minister-of-finance-dr-mohamed-shafeeq","13":"tag-ministry-of-economic-development","14":"tag-ministry-of-finance","15":"tag-president-dr-mohamed-muizzu"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=7261\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"President Dr. Mohamed Muizzu, fresh off of his oath taking, appointed the ministers to his cabinet on Friday evening, November 17. The newly sworn-in President appointed Mohamed Saeed as the Minister of Economic Development and Dr. Mohamed Shafeeq as the Minister of Finance. The two, along with other cabinet ministers under the Dr. Muizzu administration\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=7261\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-18T05:26:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/11\/Ministers-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"495\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=7261#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=7261\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister\",\"datePublished\":\"2023-11-18T05:26:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=7261\"},\"wordCount\":301,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=7261#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/11\/Ministers-1.jpeg\",\"keywords\":[\"Maldives Government\",\"Minister of Economic Development Mohamed Saeed\",\"Minister of Finance Dr. Mohamed Shafeeq\",\"Ministry of Economic Development\",\"Ministry of Finance\",\"President Dr. Mohamed Muizzu\"],\"articleSection\":[\"BUSINESS\",\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=7261#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=7261\",\"url\":\"https:\/\/mbt.mv\/?p=7261\",\"name\":\"President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister - Maldives Business Times\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=7261#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=7261#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/11\/Ministers-1.jpeg\",\"datePublished\":\"2023-11-18T05:26:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mbt.mv\/?p=7261#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mbt.mv\/?p=7261\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/?p=7261#primaryimage\",\"url\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/11\/Ministers-1.jpeg\",\"contentUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/11\/Ministers-1.jpeg\",\"width\":880,\"height\":495},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mbt.mv\/?p=7261#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mbt.mv\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mbt.mv\/#website\",\"url\":\"https:\/\/mbt.mv\/\",\"name\":\"Maldives Business Times\",\"description\":\"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.\",\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mbt.mv\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mbt.mv\/#organization\",\"name\":\"Maldives Business Times\",\"url\":\"https:\/\/mbt.mv\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"contentUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"width\":1312,\"height\":736,\"caption\":\"Maldives Business Times\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/mvbiztimes\",\"https:\/\/x.com\/mvbiztimes\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\",\"name\":\"Mohamed Reehaan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"caption\":\"Mohamed Reehaan\"},\"url\":\"https:\/\/mbt.mv\/?author=4\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister - Maldives Business Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mbt.mv\/?p=7261","og_locale":"en_US","og_type":"article","og_title":"President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister - Maldives Business Times","og_description":"President Dr. Mohamed Muizzu, fresh off of his oath taking, appointed the ministers to his cabinet on Friday evening, November 17. The newly sworn-in President appointed Mohamed Saeed as the Minister of Economic Development and Dr. Mohamed Shafeeq as the Minister of Finance. The two, along with other cabinet ministers under the Dr. Muizzu administration","og_url":"https:\/\/mbt.mv\/?p=7261","og_site_name":"Maldives Business Times","article_publisher":"https:\/\/www.facebook.com\/mvbiztimes","article_published_time":"2023-11-18T05:26:29+00:00","og_image":[{"width":880,"height":495,"url":"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/11\/Ministers-1.jpeg","type":"image\/jpeg"}],"author":"Mohamed Reehaan","twitter_card":"summary_large_image","twitter_creator":"@mvbiztimes","twitter_site":"@mvbiztimes","twitter_misc":{"Written by":"Mohamed Reehaan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mbt.mv\/?p=7261#article","isPartOf":{"@id":"https:\/\/mbt.mv\/?p=7261"},"author":{"name":"Mohamed Reehaan","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2"},"headline":"President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister","datePublished":"2023-11-18T05:26:29+00:00","mainEntityOfPage":{"@id":"https:\/\/mbt.mv\/?p=7261"},"wordCount":301,"commentCount":0,"publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"image":{"@id":"https:\/\/mbt.mv\/?p=7261#primaryimage"},"thumbnailUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/11\/Ministers-1.jpeg","keywords":["Maldives Government","Minister of Economic Development Mohamed Saeed","Minister of Finance Dr. Mohamed Shafeeq","Ministry of Economic Development","Ministry of Finance","President Dr. Mohamed Muizzu"],"articleSection":["BUSINESS","FINANCE","PUBLIC SECTOR"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mbt.mv\/?p=7261#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mbt.mv\/?p=7261","url":"https:\/\/mbt.mv\/?p=7261","name":"President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister - Maldives Business Times","isPartOf":{"@id":"https:\/\/mbt.mv\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mbt.mv\/?p=7261#primaryimage"},"image":{"@id":"https:\/\/mbt.mv\/?p=7261#primaryimage"},"thumbnailUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/11\/Ministers-1.jpeg","datePublished":"2023-11-18T05:26:29+00:00","breadcrumb":{"@id":"https:\/\/mbt.mv\/?p=7261#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mbt.mv\/?p=7261"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/?p=7261#primaryimage","url":"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/11\/Ministers-1.jpeg","contentUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/11\/Ministers-1.jpeg","width":880,"height":495},{"@type":"BreadcrumbList","@id":"https:\/\/mbt.mv\/?p=7261#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mbt.mv\/"},{"@type":"ListItem","position":2,"name":"President Muizzu appoints Saeed as Economic Minister, Shafeeq as Finance Minister"}]},{"@type":"WebSite","@id":"https:\/\/mbt.mv\/#website","url":"https:\/\/mbt.mv\/","name":"Maldives Business Times","description":"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.","publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mbt.mv\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mbt.mv\/#organization","name":"Maldives Business Times","url":"https:\/\/mbt.mv\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/","url":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","contentUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","width":1312,"height":736,"caption":"Maldives Business Times"},"image":{"@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/mvbiztimes","https:\/\/x.com\/mvbiztimes"]},{"@type":"Person","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2","name":"Mohamed Reehaan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","caption":"Mohamed Reehaan"},"url":"https:\/\/mbt.mv\/?author=4"}]}},"_links":{"self":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/7261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7261"}],"version-history":[{"count":0,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/7261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/media\/7262"}],"wp:attachment":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}