Latest news in Maldives? September 7th, 2026

The latest news developments in the Maldives for September 7, 2026:

• State Moves to Expand Ownership in Major Utilities: President Dr. Mohamed Muizzu announced plans to reclaim state control over critical national infrastructure. The government is initiating procedures to increase its stake in telecom operator Dhiraagu from 41.8% to a controlling 51%, and to purchase Hitachi’s 20% stake in Malé Water and Sewerage Company (MWSC) to bring it under full state ownership. Corporate Maldives+ 1
• USD 1.5 Billion Trade Finance Framework Signed: The Maldives signed a new five-year agreement with the International Islamic Trade Finance Corporation (ITFC) to mobilize up to $1.5 billion through 2031. The financing will fund essential importssuch as fuel, staple food products, and medical supplieswhile opening up trade credit lines for state-owned enterprises and local SMEs. Corporate Maldives
• Food & Hospitality Asia Maldives (FHAM) 2026 Opens: The hospitality and trade fair FHAM 2026 kicked off at the Manhattan Grand Hotel in Hulhumalé. The three-day exhibition brings together over 100 exhibitors across 22 countries to showcase supply chains, culinary talent, and regional MICE tourism solutions. Visit Maldives Corporation+ 1
• Guinness World Record for Marine Awareness: Bank of Maldives (BML) set a Guinness World Record for the largest simultaneous snorkeling gathering at a single venue, assembling 314 participants at Niva Kurumba Maldives to highlight marine ecosystem conservation and reef protection. SunOnline International