Business

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MIB partners Autosphere; Maldives economic gains reported

Maldives Islamic Bank (MIB) signed an exclusive financing partnership with Autosphere by The Hawks on May 31, 2026, offering Shari'ah-compliant vehicle financing via Ujaalaa. In early June 2026, RajjeViyu reported a series of positive economic developments including MIFCO reforms, resolution of Colombo Port cargo disruptions, a Fitch credit rating upgrade, and a surge in Chinese tourist arrivals.

RajjeViyu

Business | 1 week ago | positive

Maldives sees credit upgrade, tourism surge, port relief

Maldives is experiencing multiple positive economic developments: Fitch Ratings upgraded the country's credit rating from 'CC' to 'CCC-', Chinese tourist arrivals surged 26% reclaiming top source market status, and Colombo Port disruptions that stranded 4,200 containers have been resolved. State-owned MIFCO is also undergoing a major transformation under new CEO Mohamed Anas.

RajjeViyu