India Rolls Over INR30 Billion Currency Swap for the Maldives
The swap, drawn in April by the Maldives Monetary Authority, was due in October. India's announcement does not say how long it has been extended.
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Maldives Rules Out Foreign Surveillance of Its Waters and Exclusive Economic Zone
A government statement issued on 14 October says no part of Maldivian territory will be placed under foreign military or operational surveillance, but it does not say what prompted it.
President Creates Government Services Centres for 18 Atolls
The centres will run under the Ministry of Homeland Security, Labour and Technology, but the directive does not say which services they will offer, where they will be based or when they will open.
President’s Office Launches Online Directory Listing 959 State Institutions
A presidential directive issued on 14 October orders every state body to keep its entry up to date and to use the official names shown in the directory.
Muizzu Orders Stalled Development Projects to Resume
The President’s Office says solutions have been secured for material shortages linked to Middle East conflicts, as ministers and state companies review island projects.
Heavy Vehicles and Goods Lorries Banned from Malé Roads at Rush Hours
Goods vehicles carrying more than 350kg, trucks, cranes, forklifts and trailers may not run from 06:00 to 08:30 and 11:30 to 13:30 on most roads in Malé, with the morning ban also covering Hulhumalé, the bridge and the highway.
STELCO Chief Ali Azwar Named Acting Managing Director of FENAKA
The appointment took effect on 15 October, as STELCO takes over utility services from FENAKA ahead of the company's planned dissolution.
Government Subsidy Spending Passes Full-Year Budget by 48% with Months to Go
Finance Ministry data to 8 October show MVR4.26 billion spent on subsidies against MVR2.89 billion budgeted for all of 2026, as total spending rose 18.3% and revenue 3%.
IEA Expects World Oil Demand to Fall 2.6 Million Barrels a Day as Diesel Shortage Extends into 2027
The agency says Gulf crude exports recovered to more than three-quarters of pre-war levels in September, but renewed attacks leave supply fragile and diesel prices near double their pre-crisis level.
Singapore-Registered Container Ship Sinks after Strike in Strait of Hormuz
A second Singapore-flagged vessel was hit a day later and reached a safe anchorage, with all 43 crew members on the two ships reported safe.
Navi Pillay Wins 2026 Nobel Peace Prize for Work on International Law
The Norwegian Nobel Committee cited the South African jurist's role in ensuring war crimes, crimes against humanity and genocide are prosecuted, three days before she visited the International Criminal Court.