Business

President sets up company to build resorts and share profits with every Maldivian

President Dr Mohamed Muizzu has established a state-owned company to develop resorts and share their profits equally with every Maldivian. The company, named Dhiveheenge Resort Hissaa Corporation (DRHC), was created…

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Dhiraagu and Women in Tech launch AI-focused coding programme in Eydhafushi

Dhiraagu and Women in Tech Maldives have expanded their Girls to Code programme to Eydhafushi in Baa Atoll, offering young…

Tax revenue climbs to MVR 26.7 billion as business taxes surge 23.8 percent

The state's tax revenue has risen significantly this year, driven by strong growth in taxes collected from businesses and individual…

State earns MVR 3.3 billion from airport taxes and fees, up 6.8 percent

The state has earned MVR 3.3 billion in revenue from airport taxes and fees so far this year, according to…

Manhattan Grand Hotel lights up Hulhumalé skyline with grand opening

The Manhattan Grand Hotel, the largest five-star hotel in the Greater Malé region, was officially opened in Hulhumalé tonight, bringing…

Maldives welcomes over 1.8 million tourists so far this year

The Maldives has welcomed more than 1.8 million tourists so far this year, according to the latest statistics released by…

Budget 2027: Saudi Arabia and India lead foreign grant aid to the Maldives

Saudi Arabia and India are set to remain the Maldives' largest bilateral donors next year, according to the 2027 state…