The Bank of Maldives has reportedly turned to the country’s Civil Court in a bid to reclaim Rf2.5 million it alleges was loaned to High Court Judge Abbas Shareef and his father but never paid back....
The Maldives is set to receive US$12m in World Bank funding in a bid to bolster its national pension scheme, according to regional news reports.
Haveeru, citing a report in the Colombo-based Daily Fin...
Parliament today passed a bill prohibiting the issuance of bank cheques without sufficient funds, replacing the existing penalty for the offence of a jail sentence with a large fine.
The legislation s...
Adam Ibrahim, Chairman of the Bank of Maldives (BML) board of directors, resigned from his post yesterday after two years on the job.
Local media reports that Abdulla Shiyam, Ma. Naibuge, has been pro...
The Bank of Maldives (BML) has appointed British national Peter Horton to the position of CEO, replacing Ganesan Subramanyam who left the country in May 2010 amidst an internal investigation concernin...
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The first Islamic bank in the Maldives opened today, promising Shariah-compliant banking services. President Mohamed Nasheed attended the opening ceremony this morning.
In an interview with Haveeru, C...
A strong rebound in tourism and government policy efforts to redress macroeconomic imbalances have stabilised the macroeconomic situation and spurred growth in 2010, but a fractious political environm...
The Maldives has been elected Co-Chair of the World Bank´s Strategic Climate Fund Committee, part of the US$6.4 billion Climate Investment Fund (CIF).
CIF consists of two funds: the Clean Technology F...
Malaysian news agency Bernama reports that an agreement has been signed between the Islamic Banking and Finance Institute Malaysia (IBFIM) and the Maldives Islamic Bank to develop Shariah-compliant ba...
