Amana Takaful (Maldives) Plc has bought five percent of the 85 percent shares of Maldives Islamic Bank owned by its majority shareholder – Islamic Corporation for Development of Private Sector (ICD)....
The central bank has come under fire for using the Maldives’ international reserve to buy a US$140 million bond from the state-owned airport company to compensate Indian developer GMR.
Dr Azeema Adam,...
The central bank has come under fire for using the Maldives’ international reserve to buy a US$140 million bond from the state-owned airport company to compensate Indian developer GMR.
Dr Azeema Adam,...
State Bank of India have said that, they will provide all required assistance to parties interested in investing in Maldives.
In an information session held on the sidelines of Maldives Investment For...
The Maldives Monetary Authority has taken over the sale of US dollars to Maldivians planning to travel overseas, citing difficulties faced by banks to meet high demand during the school holiday season...
Maldives central bank had sold a USD140 million bond to finance the USD271 million payout to settle the row over a contract to develop the archipelago's main airport, it has emerged.
The government ha...
In a bid to curb the long queues in the capital Male to purchase US dollars from local banks, the Maldives central bank Saturday and announced a complete overhaul of the current system.
During a press...
The Maldives Monetary Authority has taken over the sale of US dollars to Maldivians planning to travel overseas, citing difficulties faced by banks to meet high demand during the school holiday season...
Maldives central bank has expressed skepticism over the proposed revenue generation from the sale of Islamic and conventional bonds to foreign investors.
According to the proposed state budget for nex...
Mauritius Commercial Bank is facing a lawsuit over an alleged fraudulent check that led to the embezzlement of over USD1 million from the state owned utility company Fenaka.
Fenaka had released MVR17...
