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STO working on acquiring license for digital bank

psmnews.mv/en/99670
08 Mar 2022

State Trading Organisation (STO) has stated efforts are still ongoing to acquire the operating license for its digital bank. STO announced last year that it was seeking the operating license for the f...

Maldives Islamic Bank expands services to Eydhafushi

en.sun.mv/73226
07 Mar 2022

Maldives Islamic Bank (MIB) has expanded its services to B. Eydhafushi by opening an ATM center in the island. The ATM was opened by MIB’s Acting CEO Ahmed Riza in a ceremony held in Eydhafushi on Mon...

Russian central bank to intervene as ruble, Moscow exchange plummet

edition.mv/world/24003
24 Feb 2022

Russia's central bank said Thursday in would intervene as the ruble tumbled to a record low and the Moscow Stock Exchange reopened down 14 percent after Moscow launched a military attack on Ukraine. "...

Bank of Maldives opens applications for "BML scholarship fund"

edition.mv/business/2394...
Malika Shahid 20 Feb 2022

Bank of Maldives (BML) has opened applications for scholarships as the first of a series of 12 high impact monthly community initiatives to celebrate the banks 40th anniversary in November this year....

President asked for bank branch in Hinnavaru

en.sun.mv/72764
19 Feb 2022

Lh. Hinnavaru Council has asked the President Ibrahim Mohamed Solih for a bank branch in Hinnavaru. The request was made during a meeting between the President and members of Hinnavaru Council and Wom...

Court freezes MITDC's bank accounts, Board members banned from leaving the country

edition.mv/news/23928
Lamya Abdulla 18 Feb 2022

As per a ruling made by the Civil Court, Maldives Integrated Tourism Development Corporation (MITDC)’s banks accounts have been frozen while passports of the company’s Board of Directors’ have been co...

Habib Bank announces decision to close two dozen dormant accounts

edition.mv/business/2390...
Mohamed Rehan 16 Feb 2022

Habib Bank has announced its decision of closing over two dozen dormant bank accounts. The accounts registered at the bank's Male' branch are said to be dormant without any financial transactions for...

Habib Bank to close 21 dormant accounts

en.sun.mv/72686
16 Feb 2022

Habib Bank has publicized the details of 21 dormant accounts registered to its Male’ Branch which they have decided to close. As per an announcement by the Bank, no transactions have taken place in th...

Israeli forces kill Palestinian teen in West Bank clashes

edition.mv/world/23876
14 Feb 2022

Israeli forces have shot dead a 17-year-old Palestinian in West Bank clashes during what Israel on Monday described as an operation to demolish the home of a "terrorist" suspected of a recent attack....

Umrah companies required to have own bank accounts

psmnews.mv/en/98516
10 Feb 2022

Ministry of Islamic Affairs has revealed companies are now required to have their own bank accounts to deposit payments to fund Umrah pilgrimages. The requirement is part of the new policy established...

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Latest Articles

Volleyball camp open to both genders concludes in Kumundhoo

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Government pledges overhaul of long neglected Mental Health Sector

psmnews.mv/en/174411
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President concludes official visit to Germany

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