Maaldif

First National Money Market & Savings Fund Private Limited has reported steady performance for the 2025 financial year, delivering annualised returns of 8.27 percent while reaching its maximum subscriber capacity of 50 members. The update was presented to investors during the Fund’s Fourth Annual General Meeting held on 19 May 2026, where shareholders were informed of the Fund’s continued progress as a stable and professionally managed savings and investment vehicle in the Maldives. The Fund’s 2025 performance reflects its consistent focus on preserving capital, maintaining liquidity, and generating sustainable returns for its subscribers. At a time when investors continue to place high value on financial discipline and portfolio resilience, the Fund’s results highlight its position as a dependable option within the domestic investment landscape. Its ability to combine stability with competitive returns further reinforces confidence in structured savings and investment products designed for medium- to low-risk investor expectations. A notable development during the year was the expansion of the Fund’s subscriber base to full capacity. The achievement follows revisions to entry requirements introduced during the Fund’s third Annual General Meeting last year, which helped support broader participation while maintaining the Fund’s strategic direction. Reaching the maximum of 50 subscribers marks an important stage in the Fund’s growth and reflects investor confidence in its management approach, performance consistency, and long-term value proposition. During the meeting, shareholders also reviewed proposed revisions to the Fund’s target asset allocation strategy for 2026. Under the proposed framework, the minimum allocation to risk-free government securities would be reduced from 40 percent to 30 percent, while the allocation to private investments would increase from 60 percent to 70 percent. The proposed revision is intended to improve overall portfolio efficiency while continuing to uphold prudent risk management standards, demonstrating a balanced approach that seeks to optimise returns without compromising financial discipline. The Fund is expected to continue investing in short-term debt securities within the Maldives, including treasury bills, commercial paper, and other relevant instruments. This strategy reflects a measured investment philosophy centred on domestic market opportunities and carefully selected instruments that support liquidity and income generation. For investors, such a framework offers reassurance that the Fund remains anchored in practical and well-regulated asset classes while adapting to evolving market conditions. Managed by First National Finance Corporation Private Limited, the First National Money Market & Savings Fund is licensed by the Capital Market Development Authority. The Fund operates as a professionally managed savings and investment solution with a clear emphasis on stable returns, liquidity, and capital preservation. Its latest financial update and strategic outlook indicate continued confidence in the Fund’s direction, while also highlighting the growing maturity of investment products available in the Maldives for subscribers seeking credible and structured financial opportunities. The post First National Money Market & Savings Fund Reports Steady 2025 Performance first appeared on Maaldif English Edition. via https://en.maaldif.com/13012/?utm_source=rss&utm_medium=rss&utm_campaign=first-national-money-market-savings-fund-reports-steady-2025-performance

Plans to develop a new passenger terminal at B. Dharavandhoo Airport are progressing under a contractor financing model, with Island Aviation Services Ltd. inviting private-sector participation for the project as part of ongoing efforts to strengthen domestic aviation infrastructure in the Maldives. The company has opened the Expression of Interest process for the proposed terminal development, calling on interested parties to register their intent ahead of the formal proposal stage. According to the announcement, the project will proceed in accordance with the specifications and requirements to be detailed in the Request for Proposal document. The planned terminal development reflects continued focus on enhancing connectivity in strategically important island destinations, particularly in regions where aviation plays a vital role in supporting both community access and economic activity. Dharavandhoo Airport holds particular importance within Baa Atoll, serving as a key domestic air link between the atoll and the capital, Malé, while also supporting travel to nearby islands and tourism-related destinations. With Baa Atoll recognised internationally for its natural beauty, marine biodiversity and high-end hospitality offerings, improvements to airport infrastructure are expected to further support the visitor experience and strengthen the accessibility of one of the Maldives’ most distinctive regions. Baa Atoll remains one of the country’s most prominent tourism areas, attracting travellers from around the world for its luxury resorts, world-class diving sites and proximity to the UNESCO Biosphere Reserve. Dharavandhoo, as an entry point to the atoll, plays an important role in facilitating smooth transfers for international visitors connecting from Velana International Airport to resorts and guesthouses across the region. A new passenger terminal would complement the wider tourism value chain by improving capacity, passenger handling efficiency and overall service standards, while also benefiting local residents who rely on domestic air services for travel, business and access to essential services. The project also highlights the increasing relevance of alternative financing structures in infrastructure delivery, with the contractor financing model offering an approach that encourages private-sector engagement in nationally significant developments. By opening the Expression of Interest stage, Island Aviation is seeking to identify capable and interested partners ahead of the next phase of the procurement process. This approach is expected to support competitive participation and help ensure that the terminal development is aligned with operational, commercial and technical expectations. According to the notice issued by Island Aviation, interested parties are required to submit their completed Expression of Interest form by email no later than 4 June 2026 at 23:59 Maldives time. The company has stated that only those who register within the specified deadline will be eligible to submit proposals for the project. The announcement signals steady progress in preparations for the terminal initiative and reflects broader confidence in the continued expansion of domestic transport infrastructure to support regional development, tourism growth and improved connectivity across the Maldives. The post Island Aviation Opens EOI for New Passenger Terminal Development at B. Dharavandhoo Airport first appeared on Maaldif English Edition. via https://en.maaldif.com/12984/?utm_source=rss&utm_medium=rss&utm_campaign=island-aviation-opens-eoi-for-new-passenger-terminal-development-at-b-dharavandhoo-airport

Ooredoo Maldives has introduced a range of special International Direct Dialling (IDD) packages for calls to Saudi Arabia during the Hajj season, providing customers with affordable and convenient options to remain in close contact with family members and loved ones undertaking the pilgrimage. The initiative is designed to support Maldivian families during one of the most spiritually significant periods of the Islamic calendar, when maintaining communication with pilgrims holds deep personal and emotional importance. Under the offer, customers can choose from three dedicated call packages, all valid for four weeks, allowing greater flexibility based on individual communication needs throughout the Hajj season. The available options include a 30-minute package priced at MVR 100, a 75-minute package for MVR 250, and a 150-minute package for MVR 500. The packages are aimed at making international calling to Saudi Arabia more accessible during a period when many families wish to remain regularly connected with those performing Hajj. The packages can be activated easily through the Ooredoo App, offering customers a simple and user-friendly way to subscribe to the service without additional complexity. This digital accessibility is expected to enhance convenience for customers across the Maldives, enabling them to arrange their communication needs efficiently and in a timely manner during the pilgrimage season. Commenting on the launch, Ooredoo Maldives Chief Commercial Officer Hussain Niyaz said the company introduced the special offer to make communication more accessible during an especially meaningful time for many Maldivian families. He noted that Hajj represents a deeply significant journey for numerous families across the country, and that staying in touch with loved ones during this time is of great value. He added that through these special IDD offers, Ooredoo aims to make communication more accessible and affordable, helping customers share prayers, moments and memories with those who matter most. The introduction of these packages also reflects Ooredoo Maldives’ broader commitment to delivering connectivity solutions that are responsive to the needs of its customers during important personal and community occasions. By tailoring international calling options to the Hajj season, the company is aligning its services with moments that carry strong cultural, religious and family significance, while reinforcing the role of telecommunications in bringing people closer across borders. With Saudi Arabia hosting millions of pilgrims annually, including those from the Maldives, the availability of dedicated Hajj-season calling packages is expected to offer timely value for customers seeking dependable and cost-effective communication. The initiative highlights Ooredoo Maldives’ continued focus on customer-centred service offerings and its efforts to ensure that families can remain connected during one of the most important journeys in the lives of Muslim pilgrims. The special IDD packages are now available for customers wishing to call Saudi Arabia throughout the Hajj season, offering a practical communication solution that combines affordability, ease of activation and meaningful relevance for the Maldivian community. The post Ooredoo Maldives Launches Special Hajj-Season Calling Packages for Saudi Arabia first appeared on Maaldif English Edition. via https://en.maaldif.com/12996/?utm_source=rss&utm_medium=rss&utm_campaign=ooredoo-maldives-launches-special-hajj-season-calling-packages-for-saudi-arabia

Dhiraagu’s Eid al-Adha celebrations were warmly welcomed by the public on Wednesday, as large crowds gathered in Malé and Hulhumalé to take part in the much-anticipated ‘Dhiraagu Eid Bondibaiy’ following Eid prayers. The festive initiative was met with visible joy and strong community participation, reflecting the enduring significance of cultural traditions in bringing people together during one of the most important occasions in the Islamic calendar. This year, Eid Bondibaiy packs were distributed in Hulhumalé with the support of the Housing Development Corporation (HDC) as the Hosting Partner, while the celebrations in Malé were carried out in partnership with the Malé City Council. The collaboration with key public institutions helped extend the reach and impact of the initiative, creating a well-coordinated and welcoming environment for families and members of the public to celebrate the spirit of Eid in a meaningful and memorable way. The ‘Dhiraagu Eid Bondibaiy’ initiative formed part of Dhiraagu’s continued commitment to preserving cultural traditions and promoting community engagement through activities that foster togetherness, generosity and festive joy. By supporting celebrations that resonate deeply with the Maldivian people, Dhiraagu continues to play an active role in strengthening social connection and enriching the experience of national and religious occasions. Beyond the celebrations held in the Greater Malé region, Dhiraagu also extended its support to Eid festivities across island communities throughout the country in collaboration with island councils and youth organisations. This nationwide engagement highlights the company’s broader vision of ensuring that the spirit of Eid is shared across communities, while also empowering local partnerships that contribute to vibrant and inclusive celebrations. The strong public response to this year’s programme demonstrates the value of initiatives that honour tradition while creating opportunities for collective celebration. Through its community-focused efforts, Dhiraagu continues to contribute positively to the social fabric of the Maldives, reinforcing its dedication to meaningful public engagement and nationwide celebrations that reflect the values of unity, culture and shared happiness. The post Dhiraagu’s Eid Bondibaiy Brings Communities Together in Malé and Hulhumalé first appeared on Maaldif English Edition. via https://en.maaldif.com/12960/?utm_source=rss&utm_medium=rss&utm_campaign=dhiraagus-eid-bondibaiy-brings-communities-together-in-male-and-hulhumale

Visit Maldives is representing the Maldives at ITB China 2026, one of the leading B2B travel trade exhibitions dedicated to the Chinese outbound travel market, held from 26 to 28 May 2026 at the Shanghai World Expo Exhibition & Convention Center in Shanghai. The participation reflects the Maldives’ continued focus on strengthening its presence in one of Asia’s most influential travel markets while deepening commercial engagement with key stakeholders across the travel and tourism industry. Through its presence at the exhibition, Visit Maldives aims to further enhance the destination’s visibility within the Chinese travel trade sector and expand opportunities for strategic collaboration with tour operators, travel agencies, online travel platforms, and MICE planners. As China continues to hold strong importance as a source market for the Maldives, ITB China offers an important setting to promote the destination, strengthen industry partnerships, and support future travel demand through targeted trade engagement. The Maldives remains widely recognised among international travellers for its exceptional natural beauty, distinctive island experiences, and refined hospitality offering. From world-class resorts and private island escapes to wellness retreats, family holidays, luxury travel, and bespoke leisure experiences, the destination continues to appeal to a broad spectrum of visitors seeking quality, privacy, and memorable travel experiences. Its strong portfolio of resort products, combined with its reputation for service excellence and tranquil surroundings, positions the Maldives as a compelling choice for travellers from China and beyond. Participation in ITB China 2026 also provides an opportunity for Visit Maldives to present the destination’s diverse tourism experiences in a highly competitive global marketplace. The Maldives’ tourism offering extends beyond its iconic overwater villas and scenic lagoons to include carefully curated experiences that cater to couples, families, honeymooners, wellness travellers, and premium leisure segments. For trade partners and travel planners, the destination represents a marketable combination of luxury, exclusivity, relaxation, and high-value travel experiences, supported by internationally recognised resort brands and a strong service culture. By engaging directly with leading travel professionals and decision-makers in Shanghai, Visit Maldives is working to reinforce confidence in the destination and generate new opportunities for commercial partnerships. The exhibition also allows the Maldives to maintain close connections with evolving market preferences, strengthen destination positioning, and support broader promotional efforts aimed at sustaining long-term growth from China. For global industry audiences, the Maldives’ participation at ITB China 2026 demonstrates its continued commitment to market development, trade cooperation, and delivering outstanding visitor experiences in one of the world’s most admired island destinations. The post Visit Maldives Showcases Destination Appeal at ITB China 2026 first appeared on Maaldif English Edition. via https://en.maaldif.com/12963/?utm_source=rss&utm_medium=rss&utm_campaign=visit-maldives-showcases-destination-appeal-at-itb-china-2026

The Bank of Maldives has opened applications for Bank Fund 2026, inviting registered Non-Governmental Organisations and clubs across the country to submit proposals for eco-friendly community projects aimed at delivering meaningful and lasting benefits at island and community level. The initiative, which continues to strengthen the bank’s support for grassroots development, is designed to empower civil society organisations to turn practical ideas into impactful projects that contribute to sustainable progress across the Maldives. Under this year’s programme, the Bank Fund will award MVR 200,000, equivalent to USD 12,951.84, to each of five winning projects. The grants will be provided for proposals developed under the themes of education, environment, sports and community development, reflecting a broad commitment to improving quality of life and supporting initiatives that respond directly to local needs. By focusing on projects that are both community-driven and environmentally responsible, the programme offers an important platform for organisations working to create positive change in their respective islands and regions. The fund has become an increasingly important avenue for nurturing local innovation and civic participation. Over the past two years, the programme has already supported a range of community-centred projects implemented by nine different NGOs, helping organisations transform their plans into practical outcomes that benefit people at the grassroots. Through these efforts, Bank of Maldives has continued to demonstrate its commitment to inclusive national development by supporting projects that not only address immediate community priorities but also contribute to long-term social and environmental wellbeing. Commenting on the opening of applications, BML Chief Executive Officer and Managing Director Mohamed Shareef said the bank remains committed to supporting organisations that are building stronger communities through innovative and sustainability-focused work. He stated that lasting progress is built from the ground up, and noted that the Bank Fund reflects the institution’s dedication to enabling local organisations to translate their ideas into tangible benefits for their communities. He also expressed pride in the positive impact already achieved through the programme and said the bank looks forward to supporting another group of high-impact initiatives in 2026. The opening of applications for Bank Fund 2026 is expected to encourage broad participation from NGOs and clubs working across diverse sectors, particularly those with proposals that combine social value with environmental responsibility. The initiative also reinforces the important role of partnerships between the private sector and civil society in advancing community resilience, opportunity and national development. For many organisations, the fund presents a valuable opportunity to secure financial support for projects that may otherwise face constraints, while also gaining wider recognition for their contribution to local development. Registered NGOs and clubs wishing to apply are required to submit their applications and project proposals before 1400hrs on 14 June. Submissions must be sent by email to [email protected], while application forms and detailed guidelines are available on the bank’s website. With applications now open, the programme is set to once again provide a strong boost to community-led initiatives that promote sustainability, empower local organisations and deliver shared benefits across the Maldives. The post Bank of Maldives Opens Applications for Bank Fund 2026 to Support Community-Led Sustainable Projects first appeared on Maaldif English Edition. via https://en.maaldif.com/12950/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-maldives-opens-applications-for-bank-fund-2026-to-support-community-led-sustainable-projects

The State Trading Organisation (STO), one of the Maldives’ leading state commercial enterprises, has approved a dividend distribution of USD 5.51 per share following a strong financial year in which the company recorded USD 1.01 billion in revenue and achieved a net profit of USD 49.49 million. The decision reflects the company’s sustained commercial performance and underlines its continued ability to generate value for shareholders while maintaining a stable position within the Maldivian economy. The dividend resolution was approved through a shareholder vote at the company’s Annual General Meeting held on Saturday evening, which also marked 25 years since STO first opened share ownership to the public. The meeting was hosted at dusitD2 Feydhoo Maldives, providing a refined and fitting setting for an occasion that combined corporate review with a notable milestone in the company’s public shareholding history. The resort venue contributed an elevated atmosphere to the gathering, complementing the significance of the event and highlighting the confidence and optimism surrounding STO’s future direction. A total of 263 shareholders participated in the meeting, including 176 who attended in person and 87 represented by proxy. According to the company, the approved dividend represents the highest profit distribution to shareholders in recent years, exceeding the USD 5.19 per share distributed the previous year. The increase further reinforces STO’s record of delivering returns to investors and reflects the strength of its financial management during a period of continued business activity and expansion. During the meeting, shareholders formally approved the minutes for 2024, as well as the audited financial statements for 2025 and the directors’ report. Ernst & Young was appointed as the company’s external auditor for the upcoming year, while Mohamed Ahsan Saleem was elected by shareholder vote to represent general shareholders on the board. These decisions formed part of the company’s wider governance process and demonstrated continued engagement by shareholders in shaping STO’s institutional direction. Speaking at the meeting, STO Managing Director Shimad Ibrahim said the company’s shareholders are receiving substantial profit because STO has conducted its business in a sustainable manner over the past 60 years. He further noted that for those who purchased the initial shares, their capital has now increased by 500 per cent, adding that the organisation’s investments remain secure against inflation. His remarks reflected confidence in STO’s long-term business model and its ability to preserve and grow shareholder value over time. STO also stated that it is currently operating under a five-year strategic action plan, with business expansion and further profit growth remaining among its primary objectives. The company’s latest financial results, shareholder returns and forward-looking strategy together present a positive picture of an organisation that continues to evolve while remaining focused on performance, resilience and long-term commercial sustainability. For investors and international observers alike, the outcome of this year’s meeting signals STO’s steady progress as a mature and trusted enterprise within the Maldives’ economic landscape. The post STO Approves Highest Recent Dividend as Revenue Surpasses USD 1 Billion first appeared on Maaldif English Edition. via https://en.maaldif.com/12935/?utm_source=rss&utm_medium=rss&utm_campaign=sto-approves-highest-recent-dividend-as-revenue-surpasses-usd-1-billion

Public Service Media (PSM) has announced that it will broadcast the 2026 FIFA World Cup free of charge across the Maldives, underscoring the national broadcaster’s commitment to ensuring broad public access to one of the world’s most widely followed sporting events. Speaking at the official launch of PSM’s World Cup coverage, Managing Director Ahmed Shakeeb said the decision was made despite the considerable costs and sacrifices involved, as football holds a special place in the hearts of the Maldivian public and remains closely connected to communities across the country. Shakeeb noted that the 2026 FIFA World Cup is expected to reach an estimated global audience of around six billion viewers, reflecting the exceptional scale and significance of the tournament. He said the event is expected to become one of the most watched sporting occasions in history, both internationally and within the Maldives, where football continues to enjoy strong popularity among people of all ages. Against this backdrop, PSM has positioned its coverage as a public service initiative intended to make the tournament accessible to households nationwide without financial barriers. According to Shakeeb, this will be the first time that every match of the FIFA World Cup will be made available free of charge in the Maldives through PSM’s television platforms. All matches are set to be aired on TVM and Yes TV, allowing supporters throughout the country to follow the tournament in full. He expressed appreciation to President Dr Mohamed Muizzu for the government’s support in facilitating the broadcast, noting that such backing played an important role in enabling PSM to secure and deliver full coverage of the competition for the Maldivian public. Emphasising the broader social value of football, Shakeeb said the sport has long served as a powerful force for togetherness, friendship and national spirit in the Maldives. He reflected on football’s ability to unite people across different backgrounds and referred to the atmosphere surrounding the 2008 SAFF Championship as a notable example of how sport helped bring the nation together during a period of deep division. In this regard, he said the World Cup offers not only entertainment, but also an opportunity to strengthen social cohesion and create shared national moments through a global event that resonates strongly with local audiences. PSM also confirmed that it is fully prepared to provide extensive coverage throughout the tournament, including live match broadcasts, news reporting and a range of related programmes designed to enrich the viewer experience. Shakeeb said the broadcaster is planning special activities and programming linked to the World Cup, with the aim of building engagement and enhancing public participation during the event. He encouraged the public to celebrate the tournament in a spirit of friendship, unity and national pride, highlighting the role of public broadcasting in creating inclusive experiences around major international occasions. The 2026 FIFA World Cup will be jointly hosted by Mexico, the United States and Canada, and will feature an expanded format of 48 teams competing across 104 matches. The scale of the tournament marks a new chapter in World Cup history and is expected to generate exceptional interest worldwide. In the Maldives, PSM’s exclusive broadcasting rights mean that no other channel will air the tournament, further reinforcing the national broadcaster’s central role in connecting viewers to the global sporting stage. With comprehensive preparations now in place, PSM’s initiative is set to deliver unprecedented access to the World Cup for audiences across the Maldives while reflecting the enduring importance of football as a unifying force in national life. The post PSM to Broadcast 2026 FIFA World Cup Free of Charge Across Maldives first appeared on Maaldif English Edition. via https://en.maaldif.com/12917/?utm_source=rss&utm_medium=rss&utm_campaign=psm-to-broadcast-2026-fifa-world-cup-free-of-charge-across-maldives

The Government of the Republic of Maldives has reaffirmed its unwavering recognition of the People’s Republic of China as the sole legal government representing the entirety of China, under the One China Principle. The position was reiterated in a statement issued by the Ministry of Foreign Affairs, which underscored that the Maldives has consistently maintained this policy since the establishment of bilateral relations with China, reflecting the country’s clear and longstanding diplomatic stance on the matter. In its statement, the Ministry noted that the Maldives’ position is aligned with the United Nations General Assembly Resolution 2758 and international law, under which Taiwan is regarded as part of the territory of the People’s Republic of China. The reaffirmation highlights the Maldives’ continued adherence to internationally recognized principles and its commitment to maintaining a foreign policy grounded in consistency, mutual respect, and established diplomatic norms. The statement also emphasized the Maldives’ strong interest in further deepening its long-standing relationship with China, one of its key international partners. Over the years, ties between the two countries have continued to develop across areas of shared interest, supported by a spirit of friendship and constructive engagement. The Maldivian government expressed appreciation for China’s assistance to the country’s socio-economic progress, acknowledging the value of the support extended in ways that have contributed to national development and the well-being of the people. The Maldives further conveyed its hope to strengthen cooperation with China in the interest of peace, stability, and mutual benefit. The message reflects the broader significance the Maldives places on partnerships that contribute to sustainable progress and regional harmony. As the country continues to engage with international partners to advance national priorities, the reaffirmation of its position also signals the importance it attaches to stable diplomatic relations, respectful cooperation, and a shared vision for continued development. The post Maldives Reaffirms One China Principle and Affirms Commitment to Stronger Cooperation with China first appeared on Maaldif English Edition. via https://en.maaldif.com/12901/?utm_source=rss&utm_medium=rss&utm_campaign=maldives-reaffirms-one-china-principle-and-affirms-commitment-to-stronger-cooperation-with-china

The Arabian Travel Market (ATM) and Travel Tech 2026 have been rescheduled to take place from 14 to 17 September 2026 at the Dubai World Trade Centre, with organisers confirming that all planned sessions, exhibitor participation, discussions and related activities will continue under the revised timeline. The event had earlier been postponed from its original May schedule to 17 to 20 August, making the September dates the latest confirmed update. According to the organisers, the revised schedule is intended to support broader participation, strengthen exhibitor confidence and provide greater operational flexibility, while also improving accessibility for international exhibitors, buyers, destinations and travel industry professionals attending from around the world. Recognised as one of the Middle East’s most prominent business-to-business travel exhibitions, ATM continues to serve as a major international platform for tourism boards, airlines, hospitality brands, cruise operators, travel technology providers and tourism suppliers to engage in meaningful business discussions and commercial partnerships. The exhibition brings together leading decision-makers from across the global travel industry and provides valuable opportunities to promote a wide range of tourism segments, including outbound, inbound, luxury, MICE and leisure travel. Its continued growth reflects the expanding role of the Middle East in shaping international tourism flows, strengthening aviation connectivity and advancing cross-border collaboration across the travel and hospitality sectors. The updated dates are expected to create a more favourable environment for participation by giving stakeholders additional time to plan, coordinate and maximise their presence at the event. For international tourism destinations such as the Maldives, the exhibition remains an important setting to enhance destination visibility, strengthen trade relationships and present its tourism offerings to key markets. The rescheduling also underlines the importance of maintaining strong industry engagement at a time when the regional and global travel sectors continue to focus on resilience, innovation and sustained growth. Visit Maldives Corporation (VMC) has stated that it will continue coordinating closely with the organisers and Maldivian exhibitors on all logistical arrangements linked to the event. The corporation noted that stand allocations, branding visibility and the participation of Maldivian stakeholders will remain unaffected despite the revised schedule. This assurance supports continuity for the Maldives’ tourism industry players preparing to participate and reinforces confidence in the country’s presence at one of the world’s most influential travel trade gatherings. For the Maldives, ATM remains one of the most important international trade platforms in its tourism promotion calendar. The event plays a central role in destination marketing and travel trade engagement, particularly in relation to the Middle East while also contributing to wider global outreach. As the Maldives continues to strengthen its position as a leading destination known for premium hospitality, natural beauty and world-class visitor experiences, participation in major international forums such as ATM remains essential to sustaining industry momentum, expanding market opportunities and reinforcing the country’s appeal to global travellers and trade partners alike. The post Arabian Travel Market 2026 Rescheduled to September, Supporting Stronger Global Participation and Continued Maldives Presence first appeared on Maaldif English Edition. via https://en.maaldif.com/12895/?utm_source=rss&utm_medium=rss&utm_campaign=arabian-travel-market-2026-rescheduled-to-september-supporting-stronger-global-participation-and-continued-maldives-presence

The Maldives and the United Kingdom have held discussions on further strengthening defence relations, reflecting the continued engagement between the two countries in areas of mutual interest and cooperation. The discussions took place during a meeting between Minister of Defence and National Service Hassan Rasheed and British Ambassador Nicholas David Low, where both sides exchanged views on advancing bilateral ties and enhancing collaboration in the defence sector. During the meeting, Minister Hassan Rasheed expressed appreciation for the support extended by the United Kingdom in helping to strengthen the Maldives’ defence capabilities. The engagement highlighted the importance both countries place on maintaining close and constructive relations, particularly in areas that contribute to national security, institutional development, and long-term capacity building. The discussions also underscored the shared commitment of the Maldives and the UK to deepen cooperation through practical initiatives that support the professional development of defence institutions. The Government of Maldives has placed significant priority on increasing the capacity of the Maldives National Defence Force as part of its broader efforts to enhance national preparedness and strengthen the country’s ability to respond effectively to evolving security needs. In this regard, the MNDF continues to engage in a range of training programmes and professional exchanges with partner countries, including the United Kingdom. These programmes play an important role in advancing operational capability, improving technical expertise, and supporting the continued development of the force in line with national objectives. The discussions between the Maldivian defence minister and the British ambassador reflect the positive trajectory of Maldives–UK relations and the value of sustained international partnerships in supporting the growth of national institutions. As the Maldives continues its efforts to build a stronger and more capable defence sector, cooperation with longstanding partners such as the United Kingdom remains an important element in promoting stability, professional excellence, and institutional resilience. The post Maldives, UK Discuss Deeper Defence Cooperation to Support National Capacity Building first appeared on Maaldif English Edition. via https://en.maaldif.com/12884/?utm_source=rss&utm_medium=rss&utm_campaign=maldives-uk-discuss-deeper-defence-cooperation-to-support-national-capacity-building

The Maldives and Egypt have signed a Memorandum of Understanding to enhance cooperation in internal security, reflecting a shared commitment to stronger institutional collaboration and professional capacity building between the two countries. According to Maldives Police Service, the agreement establishes a framework for cooperation between Maldives Police Service and Egypt’s Ministry of Interior in key areas including training programmes, resource sharing and the exchange of information. The MoU was signed on behalf of the Maldives by Commissioner of Police Ahmed Mohamed, while Egypt was represented by General Mahmoud Abu Amra, Deputy Minister for Public Security and Head of the Supreme Council of the Police. The agreement follows the Commissioner of Police’s official visit to Egypt from 17 to 21 of this month, during which senior officials from both sides held discussions on strengthening bilateral cooperation, broadening information exchange and creating wider opportunities for training and professional development. The visit provided an important platform for both institutions to discuss practical avenues for closer engagement, with a particular focus on improving operational knowledge, strengthening professional networks and supporting the continued development of policing capabilities. The signing of the MoU reflects the Maldives’ continued efforts to build strong international partnerships that contribute to the advancement of national security institutions and public service delivery. For the Maldives, cooperation of this nature supports the development of a modern and responsive policing framework by opening access to international expertise, structured training opportunities and institutional learning. Such partnerships are also significant in reinforcing public confidence, supporting social stability and contributing to a secure national environment that underpins the country’s broader economic and development priorities, including its globally recognised tourism and hospitality sector. For global readers, the agreement highlights the importance the Maldives places on international cooperation as it continues to strengthen national institutions and expand its engagement with trusted partners abroad. Egypt’s experience in public security and institutional policing offers valuable opportunities for professional exchange, while the collaboration also reflects the growing scope of bilateral relations between the two countries. With the new understanding now in place, the Maldives and Egypt are expected to pursue closer coordination in areas that support safer communities, stronger law enforcement capabilities and sustained cooperation in matters of shared interest. The post Maldives Police Service and Egypt Sign MoU to Strengthen Internal Security Cooperation first appeared on Maaldif English Edition. via https://en.maaldif.com/12881/?utm_source=rss&utm_medium=rss&utm_campaign=maldives-police-service-and-egypt-sign-mou-to-strengthen-internal-security-cooperation

The Maldives Monetary Authority has granted banking licence and operational approval to Maldives Premier Bank Private Limited on 18 May 2026, authorizing the institution to commence commercial banking activities in the Maldives in accordance with the country’s applicable laws and regulatory requirements. The approval marks the successful completion of the bank’s licensing process and formally clears the way for Maldives Premier Bank to begin operating within the domestic financial sector under the supervision of the national monetary authority. The licence follows the pre-operational approval issued by the Maldives Monetary Authority on 19 May 2025 for the establishment of a Tier 1 bank, subject to the fulfilment of all licensing and pre-operational conditions required by the regulator. During this pre-operational phase, the institution submitted revisions to its proposed name and ownership structure, both of which were reviewed and approved by the Authority as part of the regulatory process leading to final authorisation. The granting of the banking licence reflects that the necessary requirements were completed to the satisfaction of the regulator. The entry of Maldives Premier Bank is expected to contribute positively to the continued development of the Maldivian banking industry by broadening the financial services landscape and supporting greater market dynamism. The addition of a new commercial bank comes at a time when the Maldives continues to strengthen its financial infrastructure in line with national development priorities and the evolving needs of businesses, individuals, and investors. Increased participation in the banking sector is also expected to support a more competitive environment, encourage service innovation, and improve the accessibility of financial solutions across the country. For the Maldives, the approval of a new banking institution carries wider significance beyond the licensing of a single entity. It reflects growing confidence in the country’s financial governance framework and in the regulatory standards that underpin the banking system. A stronger and more diversified banking sector can play an important role in facilitating business expansion, enabling access to credit, supporting entrepreneurship, and enhancing confidence among local and international stakeholders engaging with the Maldivian economy. As the country continues to position itself as a resilient and forward-looking economy, the expansion of banking services remains an important part of creating a supportive environment for sustainable economic activity. The Maldives Monetary Authority stated that the licensing of Maldives Premier Bank represents further progress in ongoing efforts to strengthen and deepen the national financial sector, enhance competition within the banking industry, and support broader access to financial services. The Authority also reaffirmed its commitment to maintaining a sound, stable, inclusive, and competitive financial system through a robust licensing and supervisory framework. This continued emphasis on prudential oversight and institutional resilience remains central to preserving confidence in the country’s financial system while enabling responsible growth within the sector. The approval of Maldives Premier Bank is therefore being viewed as a positive development for the Maldives’ financial landscape, with potential long-term benefits for customers, enterprises, and the broader economy. As the new bank prepares to commence operations, its presence is expected to add new depth to the market and contribute to the continued advancement of financial services in the Maldives. The post Maldives Premier Bank Receives Banking Licence to Begin Commercial Operations in the Maldives first appeared on Maaldif English Edition. via https://en.maaldif.com/12875/?utm_source=rss&utm_medium=rss&utm_campaign=maldives-premier-bank-receives-banking-licence-to-begin-commercial-operations-in-the-maldives

The Maldives Monetary Authority has announced that banking services will be available for one day only during the upcoming Eid al-Adha holiday period, offering limited access to essential services as government offices remain closed for most of the week. According to the authority, banking operations will be provided on Thursday, May 28, 2026, from 8:30 a.m. to 2:00 p.m., giving banks and other authorized entities a designated window to attend to urgent transactions during the extended public holiday. The announcement comes as the government has declared May 24 to May 30 as official holidays for Eid al-Adha, with this year’s Eid expected to be observed on May 27. In its public notice, the central bank stated that the Maldives Monetary Authority will remain closed throughout the holiday period except for the temporary reopening on May 28. The authority also clarified that coin exchange and cash issuance services for the general public will not be available on that day. As a result, individuals, households and businesses have been advised to make the necessary arrangements for cash and coin requirements during the current working week to avoid inconvenience during the Eid holidays, a period that traditionally sees a rise in spending across the country. The Eid al-Adha season is one of the busiest periods for consumer activity in the Maldives, with higher demand typically seen in shopping, domestic travel, family gatherings and a wide range of holiday-related transactions. The central bank’s guidance is therefore expected to support smoother financial planning across the market, particularly for retailers, service providers and households preparing for the festive period. By confirming the banking timetable in advance, the authority has provided clarity that will help the public and the business community organize their transactions with greater confidence and convenience. The scheduled one-day service window also reflects the importance of maintaining core financial continuity during national holidays while allowing public institutions to observe the Eid break. For banks and other authorized financial institutions, the temporary reopening offers an opportunity to manage priority matters before the holiday closure resumes. For the wider public, the notice serves as an early reminder to complete essential financial preparations ahead of time, particularly in a season when demand for cash often increases across islands and communities nationwide. With Eid al-Adha approaching, the Maldives Monetary Authority’s announcement provides a clear and practical framework for holiday banking arrangements, enabling institutions, businesses and families to prepare effectively. The advance notice is likely to assist in reducing disruptions, supporting orderly transactions and ensuring that the holiday period proceeds with greater ease for all those making financial arrangements in the days ahead The post MMA Announces Limited Banking Services During Eid al-Adha Holiday Week first appeared on Maaldif English Edition. via https://en.maaldif.com/12872/?utm_source=rss&utm_medium=rss&utm_campaign=mma-announces-limited-banking-services-during-eid-al-adha-holiday-week

The Maldives Monetary Authority has opened entries for the Souvenir Design & Artwork Competition under Maldives Financial Expo 2026, inviting creative minds to reimagine old and damaged banknotes as meaningful works of design and art. The competition presents a distinctive opportunity for participants to transform currency that has reached the end of its circulation life into original creations that reflect innovation, craftsmanship, and sustainability. With the submission deadline set for 31 May 2026, the initiative is expected to attract designers, artists, and creative thinkers interested in giving new value to materials that would otherwise be discarded. At the heart of the competition is the idea that damaged banknotes do not simply vanish from use. Once securely removed from circulation, the notes are shredded and prepared for disposal through official processes. Through this competition, however, that material is being redirected into a creative platform where it can be reinterpreted into souvenirs and artworks that carry both visual and symbolic value. Shortlisted participants will receive shredded banknotes from the Maldives Monetary Authority as the core material for their creations, allowing them to work directly with a medium that is closely connected to the nation’s monetary identity. The competition brings together financial awareness, environmental responsibility, and artistic expression in a way that resonates with contemporary global conversations on reuse and sustainable design. By encouraging participants to work with repurposed currency material, the initiative highlights how institutions can support creativity while promoting thoughtful resource use. It also offers a fresh perspective on how financial heritage and public engagement can intersect, turning a routine administrative process into an inspiring platform for innovation. For the creative community in the Maldives, the competition offers more than a design challenge. It provides a space to explore storytelling through material, where every shredded note can be reshaped into an object or artwork with renewed purpose. Souvenirs and artistic pieces developed through the competition have the potential to reflect national character, economic symbolism, and the ingenuity of local talent. This adds further value to the event by connecting the country’s creative industries with broader themes of sustainability and public participation. The Souvenir Design & Artwork Competition also contributes to the wider appeal of Maldives Financial Expo 2026 by expanding its reach beyond traditional financial audiences. It introduces an engaging and accessible dimension to the expo, creating opportunities for wider community involvement and international interest. For global observers, the concept reflects an innovative approach to responsible material use while showcasing the Maldives as a destination where creativity, sustainability, and institutional engagement can work together in practical and inspiring ways. Interested participants are encouraged to review the official participant guidebook and submit their concepts before the closing date of 31 May 2026. As anticipation builds around Maldives Financial Expo 2026, the competition is set to highlight how materials once used in everyday transactions can be transformed into creative expressions of value, identity, and purpose. The post MMA Invites Creative Concepts Using Shredded Banknotes for Souvenir Design & Artwork Competition first appeared on Maaldif English Edition. via https://en.maaldif.com/12869/?utm_source=rss&utm_medium=rss&utm_campaign=mma-invites-creative-concepts-using-shredded-banknotes-for-souvenir-design-artwork-competition

The Maldives Monetary Authority has extended the submission deadline for its Souvenir Design and Artwork Competition to 31 May 2026, providing participants with additional time to refine and present their creative concepts. The extension offers a valuable opportunity for aspiring and established designers, artists, and creative thinkers to further develop ideas that reflect originality, craftsmanship, and meaningful visual storytelling. The competition forms part of the wider momentum surrounding Maldives Financial Expo 2026 and continues to generate interest among individuals eager to contribute innovative work inspired by national identity, creativity, and sustainability. The revised deadline is expected to encourage broader participation from those who may have already begun shaping their concepts, as well as others who had been waiting for the right time to submit. By allowing more time for entries, the competition creates greater space for thoughtful artistic development and careful execution, supporting the creation of designs that are both visually compelling and commercially relevant. It also reinforces the importance of nurturing local talent and giving creatives a platform to transform ideas into works that can resonate with audiences in the Maldives and beyond. The Souvenir Design and Artwork Competition carries added significance through its connection to the themes of reimagination and sustainable creativity. With the campaign identity highlighting concepts such as “Crafted By Currency” and “Shredded Notes Reimagined,” the initiative reflects a strong emphasis on turning unconventional inspiration into meaningful design outcomes. This approach positions the competition not only as an artistic platform, but also as a conversation on how value, heritage, and sustainability can intersect through creative expression. It offers participants the chance to produce work that is relevant to contemporary global interests in environmental responsibility, design innovation, and cultural authenticity. For global readers, the competition presents an example of how the Maldives continues to foster creative enterprise alongside financial and public engagement initiatives. It demonstrates a growing commitment to encouraging artistic innovation within national institutions, while also creating avenues for designers and artists to contribute to projects with both cultural and practical significance. Through this extended submission period, the Maldives Monetary Authority is helping strengthen the visibility of homegrown creativity and supporting a wider appreciation for design-led solutions that carry a distinctive Maldivian perspective. Interested participants are encouraged to submit their entries before the new deadline of 31 May 2026. A participant guidebook has also been made available to support applicants with the required information and competition guidance. With additional time now granted, the competition offers a timely opportunity for creatives to bring their ideas to life and take part in an initiative that celebrates innovation, sustainability, and the evolving creative identity of the Maldives. The post MMA Extends Souvenir Design and Artwork Competition Deadline to 31 May 2026 first appeared on Maaldif English Edition. via https://en.maaldif.com/12866/?utm_source=rss&utm_medium=rss&utm_campaign=mma-extends-souvenir-design-and-artwork-competition-deadline-to-31-may-2026

The Government of Maldives has repaid USD 100 million of a USD 150 million loan originally obtained from India in 2019, with President Dr Mohamed Muizzu confirming that the latest USD 50 million installment was settled on 11 May as part of the administration’s wider strategy to strengthen the country’s financial position and reduce inherited debt obligations. Addressing local journalists at the weekly press conference, the President stated that the loan had been secured by the previous administration through three separate transactions and was among the financial commitments inherited when the present government assumed office. He said the repayment progress reflects the government’s focused approach to restoring fiscal stability and ensuring that national financial management remains disciplined and forward-looking. President Muizzu explained that the repayment completed on 11 May follows an earlier USD 50 million payment made in January 2024, bringing the total amount repaid under this specific loan arrangement to USD 100 million. He further noted that the remaining USD 50 million is scheduled to be settled on 17 September this year, adding that the government has already made the necessary arrangements to meet that final obligation on time. The President’s remarks highlighted the administration’s confidence in its debt management planning and its intention to honour external commitments in an orderly and responsible manner. The President also placed the repayment within the broader context of the Maldives’ recent financial performance, noting that the government has repaid a total of USD 974 million in obligations over the past 40 days, including sukuk instruments, currency swaps, and loans. This, he said, demonstrates the scale of the administration’s efforts to address major liabilities while working to safeguard macroeconomic resilience. For international observers and financial stakeholders, the repayment signals continued attention by the Maldivian government to debt servicing, credibility, and the maintenance of confidence in the country’s economic direction. President Muizzu said these efforts are being undertaken with the welfare of the Maldivian people in mind, stressing that the administration’s objective is to reduce the burden of large debts and create a more secure economic future for the nation. He expressed hope that the government would continue to relieve the country of such obligations in the period ahead, describing debt reduction as part of a broader responsibility to protect the national interest and support long-term development. His comments presented the repayment not merely as a financial transaction, but as part of a sustained effort to improve economic governance and reinforce stability. During the press conference, the President also voiced concern over what he described as unfounded remarks by certain former senior officials, saying such statements risk creating unnecessary public anxiety and harming the Maldives’ international standing at a time when the country is pursuing economic recovery and financial consolidation. He called on those individuals to refrain from actions that could undermine national progress, emphasising that this is a period in which unity, confidence, and responsible public discourse are especially important. His remarks reflected the administration’s view that maintaining trust, both domestically and internationally, remains essential as the Maldives continues its efforts to strengthen its economy and fulfil its financial commitments with discipline and clarity. The post Maldives Advances Debt Reduction as Government Repays USD 100 Million of India-Origin Loan first appeared on Maaldif English Edition. via https://en.maaldif.com/12850/?utm_source=rss&utm_medium=rss&utm_campaign=maldives-advances-debt-reduction-as-government-repays-usd-100-million-of-india-origin-loan