Won't default in 2026; stronger economy than ever, Fayyaz says

Maldives has spent MVR 4 billion (USD 260 million) to repay its debt so far this year, according to the finance ministry.

25 August 2023

BML cuts interest rate on student loans to 5%

In the true sense, the aim is to make BML a peoples’ bank, Yushau said.

13 January 2023

Government proposes MVR 42.6 billion budget for 2023

The budget deficit for the next fiscal year is expected to be MVR 8.4 billion. This is a deficit of 8.1% in terms of productivity or GDP.

31 October 2022

Floating city project fails to materialise; 2 lagoons sold

Subsequently, on June 23, 2022, the floating city project agreement was re-signed after changes were made.

9 March 2023

Maldives to see fastest growth in South Asia in 2023: World Bank

The Washington-based development bank said Maldives economic growth is expected to moderate to 8.2% in 2023.

11 January 2023

Lebanon to devalue currency by 90% on Feb. 1: central bank chief

Several rates remain, including the official rate, the central bank's Sayrafa exchange platform rate which currently stands at 38,000 pounds per U.S. dollar.

1 February 2023

Most Gulf markets fall on lower oil prices; Abu Dhabi up

The Qatari Stock index dropped 1.7%, with most of its constituent stocks in negative territory.

1 February 2023

Ecuador reaches trade deal with China, aims to increase exports

Between January and October 2022, Ecuadorean non-oil exports to China totaled $4.9 billion.

4 January 2023