Maldives finance minister resigns

July 11, 2008 (LBO) – The finance minister of Maldives has resigned amid speculation that he may launch his own presidential bid through a different party, media reports from the archipelago said.The Minivannews.com, a web based news service, said finance minister Gasim Ibrahim had given his resignation to president Maumoon Abdul Gayoom, but the president […]

‘s Noor Islamic Bank to launch operations in Maldives

July 9, 2008 (LBO) – Dubai’s Noor Islamic Bank has inked a deal to open up an Islamic banking unit in the Indian Ocean Island of Maldives, officials said.Operating under the name Noor Islamic Maldives Private Limited, the Dubai-based bank will hold 33 percent in the new company, Maldives Monetary Authority Governor, Abdulla Jihad said […]

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