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

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

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

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

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

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

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

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