Fri, 2 Oct 2026, 04:45 am

ދިވެހި

ދިވެހިއަށް ބަދަލުކުރޭ

Business

Mihad and Sahar removed from MACL board

Oct 1, 2026, 12:32 PM

Mihaad and Sahar removed from MACL Board

The Maldives Airports Company Limited (MACL) board has today removed its Chief Commercial Officer, Mohamed Mihad, and board member Sahar Waheed.

While the Privatisation and Corporatisation Board (PCB) confirmed that both individuals were removed from the MACL board effective today, it did not disclose the reasons behind the decision.

Mihad, who served as an executive board member of the airport operator, has served as Chief Commercial Officer at MACL since early 2024.

Sahar currently serves as the Deputy CEO and Chief Operating Officer (COO) of the Bank of Maldives (BML). She also serves on the board of the recently established Addu Hankede Development Corporation.

Maldives Airports Company Limited Mohamed Jihad Privatization and Corporatization Board (PCB)Bank of Maldives Addu Hankede Development Corporation Sahar Waheed

Comments

Formed FX company due to receiving income in dollars, no transactions yet: Falah

Oct 1

Currency exchange company under Falah's name

Sep 29

BML fails to resolve USD transfer and TT issues despite deadline

Sep 27

HDC grants politically motivated promotions despite directive to cut costs

Sep 23

Latest News

Illy Golden Hour Series Launches in Maldives

SIMDI Resu and JEN Maldives are celebrating International Coffee Day on October 1, 2026, with the launch of the illy Golden Hour Series. The event features a masterclass and DIY drink stations to showcase new coffee creations. These specialty beverages will be available at various cafes and restaurants across the Maldives.

No solution in sight for the US dollar crisis: Nasheed

Former President Mohamed Nasheed warns that the Maldives' dollar crisis remains unresolved as exchange rates climb and businesses struggle to import goods. Despite government mandates for resorts to convert foreign currency, Nasheed claims these measures have failed to provide relief, leaving the public to bear the economic burden.

Rip Curl store opens in Maafushi

SIMDI Group has expanded its retail presence in the Maldives by opening a new Rip Curl store in K. Maafushi. The outlet offers a wide range of authentic surf and lifestyle apparel for men, women, and children. To celebrate the launch, the store is offering a grand opening promotion with discounts of up to 40% storewide.

Thaana AI debuts voice cloning and text-to-speech models

Thaana AI has launched advanced voice cloning and text-to-speech models that support natural-sounding Dhivehi and English. The tools handle "Dhinglish" blends, allow for custom voice creation, and feature multi-voice scripting for diverse content. An upcoming API will also enhance website accessibility for the visually impaired.

20th Hotel Asia Exhibition kicks off today

The 20th Hotel Asia Exhibition and International Culinary Challenge began today in the Maldives, showcasing food products and industry services. Running through September 30, the event serves as a vital hub for global suppliers and tourism professionals to connect and support the nation's expanding hospitality sector.

MWSC takes over Addu and Fuvahmulah sewerage projects

Following the dissolution of Fenaka Corporation, the Male' Water and Sewerage Company (MWSC) has officially taken over sewerage projects in Addu and Fuvahmulah. This transition is part of a broader government restructuring plan to merge state-owned enterprises to improve operational efficiency.

Reserves are low, will "greatly improve" in six months: Muizzu

President Muizzu announced that while the Maldives' foreign currency reserves are at a yearly low, they are expected to recover within six months. The government is pursuing a $100 million currency swap and increased forex conversions to stabilize the economy. However, significant debt repayments and fuel costs remain ongoing challenges.

Get the latest news delivered straight to your inbox