Maldives and the Exim Bank of India have signed the USD 400 million Line of Credit Agreement as funding for the Greater Male Connectivity Project (GMCP).
The agreement was signed by Minister of Financ...
Finance Minister Ibrahim Ameer said on Monday that infrastructure development projects must be continued for the Maldivian economy to overcome the losses it faces due to the ongoing COVID-19 pandemic....
Asia-focused bank HSBC announced Friday that it aims to achieve net-zero carbon emissions across its investments by 2050, but campaigners accused it of falling short on tackling climate change.
"HSBC...
As many as 115 million people could be pushed into extreme poverty this year due to the economic downturn caused by the coronavirus pandemic, the World Bank warned Wednesday.
That is a devastating rev...
The Supreme Court of the Maldives has upheld the ruling issued by the High Court of the Maldives to unfreeze former President Abdulla Yameen’s bank accounts.
The Criminal Court of the Maldives had or...
The Supreme Court of the Maldives has maintained the High Court’s verdict in declaring former president Abdulla Yameen Abdul Gayyoom’s bank account as having been frozen incorrectly.
Maldives Police...
The Supreme Court of Maldives has ruled that a court order to freeze the bank accounts of former President Abdulla Yameen was issued incorrectly.
The Criminal Court issued an order to freeze the acc...
Bank of Maldives (BML), on Wednesday, appointed two locals Moosa Nimal and Ahmed Aseef as its Director of Retail and SME Banking, and Director of Corporate Banking, respectively.
We are pleased to ann...
The World Bank on Tuesday said it has asked its board of directors to approve $12 billion to help poor countries purchase and distribute eventual vaccines against Covid-19.
The bank has already implem...
Maldives Police Service (MPS) has stated two cases related to the funds in former President Abdulla Yameen’s bank accounts are currently under investigation.
Investigation officers of MPS made the sta...
