Moody’s Upgrades Maldives Credit Rating to Caa1 After Sukuk Repayment
The one-notch upgrade reflects lower near-term default risk, but the agency expects the budget deficit to widen to 8.0–8.5% of GDP this year.
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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.
Maldives Sets November 2027 Target for Thilafushi Commercial Port
The planned 60-hectare port will initially handle 390,000 TEUs a year, with a larger international quay and a separate domestic harbour.
Maldives Expo Sets 25 October Opening with New Tourism District
The nine-day Hulhumalé event will bring resorts, guesthouses, airlines and travel businesses into a dedicated visitor-economy programme.
US and China Agree Framework for Tariff Relief on US$30 Billion of Goods Each
Product lists use 2024 trade values. Any tariff reductions still require implementation through each country’s domestic legal processes.
Seven OPEC+ Countries Keep November Oil Output Targets Unchanged
The group will retain September production requirements for November, while a separate monitoring committee warns about threats to energy infrastructure and shipping.
Flávio Bolsonaro and Lula Advance to Brazil’s Presidential Runoff
Brazil’s electoral court reported Bolsonaro on 47.03% and Lula on 45.16% with 99.99% of ballot boxes counted. The second round is on 25 October.