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The Minister of Homeland Security, Labour and Technology Ali Ihusaan has said that unlicensed money exchange services handled around USD 76 million over the past nine months, describing the activity as a criminal offence that could constitute money laundering.
Speaking at a press conference at the President’s Office today, Ihusaan said 63 establishments currently op...
MHA Private Limited has raised MVR 30 million through a fully subscribed Parallel Istisna Sukuk, with First National Finance Corporation serving as Principal Adviser and Lead Arranger to the issuance.
The five-year issuance comprised 30,000 Sukuk certificates with a face value of MVR 1,000 each. It offered an expected annual profit rate of approximately 8%, with pro...
The Maldives Monetary Authority (MMA) aims to introduce reforms that would shift financial transactions in the Maldives towards the use of Maldivian Rufiyaa by 2030, Governor Ahmed Munawar has said.
Speaking at a press conference at the President’s Office today, Munawar said a significant share of financial transactions in the Maldives continues to take place in US ...
Maldives Airports Company Limited (MACL) and Villa International High School (VIHS) have signed a Memorandum of Understanding (MoU) today to launch a dedicated student internship programme.
The scheme aims to bridge the gap between classroom education and the workplace by providing students with practical learning opportunities and professional exposure.
M...
Maldives Ports Limited (MPL) and the Haa Alifu Uligan Council have signed an agreement to lease land for the development and operation of a yacht marina in Uligan.
The agreement, signed at MPL’s head office, provides the company with approximately 70,471 square metres of land for the Uligan Yacht Marina Project. MPL CEO Captain Mohamed Shaffee signed the agreement o...