Ooredoo generates a profit of MVR 407 million in 2020
Male', Maldives - Ooredoo Maldives has released its fourth quarterly report for the year ended 2020. Ooredoo reported MVR 402 million in revenue in the fourth quarter (Q4) of 2020.… Continued
Business
BML reports net loss of MVR 326 million in the fourth quarter of 2020
Bank of Maldives (BML) has released its fourth quarterly report for the year ended 2020. The fourth quarter (Q4) of 2020 generated a gross income of MVR 728 million and… Continued
STO saw a 15% increase in profits in the final quarter of 2020
The Quarterly Report for the fourth quarter of 2020 of State Trading Organization PLC (STO) has been released on the company’s website. The fourth quarter (Q4) of 2020 of STO… Continued
Total government debt (excluding gov guaranteed debt) at MVR 63.6 billion – MMA
Malé, Maldives - According to the Economic Update released by Maldives Monetary Authority, the total government debt (excluding government guaranteed debt) amounted to MVR 63.6 billion at the end of… Continued
Saudi Arabia unveils THE LINE – A city of million residents with zero carbon emissions
NEOM, Saudi Arabia - Saudi Arabia's newly unveiled smart city 'THE LINE' has promised a pedestrian-first approach which ensures communities are built around people, not cars, with essential services and… Continued
Government seeks parties to develop four airports in the Maldives
Male', Maldives - The government of Maldives has made an announcement on Thursday night, opening up the opportunity for interested parties, to develop four airports in the country. According to… Continued
SDFC grants loans worth MVR 351.8 million to small businesses
Male', Maldives - SME Development Finance Corporation (SDFC) has granted loans worth MVR 351.8 million to small and middle class businesses in association with the Finance Ministry as part of… Continued
BML’s shop and win promotion: MVR 20,000 grand prize!
Male', Maldives - BML has announced a new promotion that you can partake in, just by shopping with a BML Debit or Credit card. The promotion begins today and will… Continued
LottieFiles, a mostly Maldivian team, lands USD 9 million in Series A led by Microsoft’s venture fund, M12
Kuala Lumpur, Malaysia & San Francisco, USA - LottieFiles, a mostly Maldivian team based in Malaysia, announced a Series A investment of USD9 million, with major share from Microsoft's venture… Continued
MIRA alerts of upcoming tax deadlines – online payments accepted
Male', Maldives — Maldives Inland Revenue Authorities (MIRA) alerts all taxpayers of the upcoming tax deadlines in the midst of rising COVID-19 positive cases. MIRA noted that the last week… Continued
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