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...
One of largest banks in the US, Wachovia Corporation, “admitted it didn’t do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007,” reports Bl...
The World Bank has granted more than Rf160,000 to two local NGOs for social projects, according to Haveeru Online.
The bank granted US$12,500 (Rf160,625) from its Civil Society Fund to the Live and Le...
The Maldives Monetary Authority (MMA) has confirmed that two banks have applied for the licence to establish an Islamic bank in the Maldives.
The first proposal is a public private partnership (PPP) b...
An internal World Bank bank report produced for the donor’s conference, called ‘Placing the Macro Challenge Facing the Maldives in Context’ has revealed the full extent of the economic challenge facin...
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The World Bank has issued a report saying the Maldives was on the verge of economic collapse in 2008 when President Mohamed Nasheed’s government was elected, reports Miadhu.
According to the report, b...
