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Central bank projects over USD 40 min exchange under new forex regulations

avas.mv/en/147289
23 Jan 2025

The central bank, Maldives Monetary Authority (MMA) has revealed that it expects local tourism establishments to exchange over USD 40 million this month, following the implementation of new foreign ex...

West Bank violence escalates as Trump revokes sanctions on Jewish settlers

en.sun.mv/94588
22 Jan 2025

US President Donald Trump has rescinded sanctions imposed by the former Biden administration on far-right Israeli settler groups and individuals accused of being involved in violence against Palestini...

Israel preparing for large-scale attacks in occupied West Bank

en.sun.mv/94567
21 Jan 2025

Israeli Chief of Staff Herzi Halevi has instructed the army to prepare for large-scale attacks in the occupied West Bank, a day after a ceasefire deal took effect in Gaza. “Alongside enhanced defensi...

Development Bank rollout will be in three phases: Minister Saeed

edition.mv/news/38881
Mariyath Mohamed 20 Jan 2025

Minister of Economic Development and Trade Mohamed Saeed has said that the rollout of the Development Bank of Maldives will be carried out over three different phases, the first of which is the instit...

Economic minister: Rollout of development bank progressing ‘on schedule’

en.sun.mv/94525
19 Jan 2025

The rollout of the Development Bank of Maldives (DBM) is progressing on schedule, insisted Economic Minister Mohamed Saeed on Sunday, as he rejected criticism regarding the delay in the operationaliza...

Pres Dr. Muizzu inaugurates Maldives’ first Development Bank

avas.mv/en/145885
16 Jan 2025

President Dr. Mohamed Muizzu has inaugurated the Maldives' first development bank, the Development Bank of Maldives. The bank is a 100 percent state-owned institution established in line with governme...

DBML receives license to operate as Maldives’ first development bank

avas.mv/en/144897
15 Jan 2025

The Development Bank of Maldives Limited (DBML) has been officially received a license to operate the first development bank in the Maldives. The central bank, Maldives Monetary Authority (MMA)’s Gov...

First development bank a game-changer for investment: Pres Dr. Muizzu

avas.mv/en/143509
15 Jan 2025

The Maldives' first development bank will become a hub for investment in various sectors, President Dr. Mohamed Muizzu has said. The establishment of a development bank in the Maldives was a key presi...

Three appointed to the board of Maldives' first development bank

avas.mv/en/143414
15 Jan 2025

The Privatization Board has appointed three individuals to the Board of Directors of the Development Bank of Maldives Limited, the country's first development bank. The board members include a local,...

Central bank warns of imminent depletion of usable reserves

avas.mv/en/143292
15 Jan 2025

The Maldives Monetary Authority (MMA) has warned that the country's usable reserves are expected to be depleted this month. The central bank raised concerns in a letter to the Finance Ministry late la...

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