AGP Executive Report
Last update: 7 hours agoRasmale’ Deal: The Supreme Court registrar rejected a petition seeking to block the proposed $20 billion Eagle Hills project, saying it could not be filed directly with the court. The opposition is demanding disclosure of the agreement, while the housing minister says Israeli nationals and Israeli-controlled entities will be barred from owning property. Foreign Service: The Foreign Ministry denies reports Ambassador Ahmed Sareer was removed for refusing to join the ruling PNC, saying ambassadorial appointments follow legal procedures and foreign service employees cannot belong to political parties. Foreign Currency: The Maldives Monetary Authority has restricted the $1,000 overseas medical allowance to treatment trips to six countries, citing a sharp rise in dollar sales for medical purposes. Criminal Assets: Parliament sent a government bill on asset recovery to committee after approving it unanimously; the bill includes provisions for seizing and forfeiting assets linked to specified serious crimes. Economic Outlook: Economic Minister Mohamed Saeed says Moody’s upgrade of the Maldives’ credit rating to Caa1 has eased public fears of bankruptcy, following major debt repayments.
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