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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MIFCO Appoints Ukrainian Expert as First Foreign CEO

For the first time in its history, the Maldives Industrial Fisheries Company Ltd. (MIFCO) has appointed a foreign national as…

Banking Convenience Boosted in Dhidhdhoo with MIB Expansion

Maldives Islamic Bank (MIB) has officially inaugurated a new service centre in Haa Alifu Dhidhdhoo, marking another milestone in the…

Velana International Airport Welcomes 5% More Flights in 2024

Velana International Airport (VIA), the Maldives' primary gateway for international travel, recorded a 5% rise in flight movements as of…

MWSC Launches $13 Million Bond for Investors to Fund Development Projects

State utility provider Malé Water and Sewerage Company Private Limited (MWSC) has listed a $26 million bond on the Maldives…

BML and American Express Celebrate 20 Years of Partnership

The Bank of Maldives (BML) and American Express commemorated 20 years of their exclusive partnership at a celebratory event, reflecting…

Reefside Introduces CITIZEN PROMASTER’s 35th Anniversary Collection

Reefside has unveiled CITIZEN’s 35th Anniversary PROMASTER Series, showcasing nine newly released models, including three limited-edition timepieces. This milestone collection…