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Capital Market Development Authority Maldives
The Capital Market Development Authority (CMDA) is the state entity responsible for the development and regulation of the securities market, and the capital market of Maldives. CMDA was established as an independent institution in 2006 with the passing of the Maldives Securities Act 2006. Prior to that, it was functioning as a separate Division of the Maldives Monetary Authority (MMA). CMDA regulates and supervises the Maldives Stock Exchange (MSE), Maldives Pension Administration Office (MPAO), Maldives Retirement Pension Scheme (MRPS), and also grants licenses to Stock Brokers or Dealing Companies, Investment Advisors, Rating Agencies, and Investment or Mutual Funds. While CMDA is the equivalent of the Securities and Exchange Commission in other countries, it has a dual role of further developing the capital market of the country, and protecting the interests of the investors through its regulations. CMDA is governed by a board of directors, and daily operations are managed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malé
Malé (, ; dv, މާލެ) is the capital and most populous city of the Maldives. With a population of 252,768 and an area of , it is also one of the most densely populated cities in the world. The city is geographically located at the southern edge of North Malé Atoll ( Kaafu Atoll). Administratively, the city consists of a central island, an airport island, and four other islands governed by the Malé City Council. Traditionally it was the King's Island, from where the ancient royal dynasties ruled and where the palace was located. The city was then called ''Mahal''. Formerly it was a walled city surrounded by fortifications and gates (''doroshi''). The Royal Palace (''Gan'duvaru'') was destroyed along with the picturesque forts (''koshi'') and bastions (''buruzu'') when the city was remodelled under President Ibrahim Nasir's rule in the aftermath of the abolition of the monarchy in 1968. However, some buildings remained, namely, the Malé Friday Mosque. In recent years, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maldives
Maldives (, ; dv, ދިވެހިރާއްޖެ, translit=Dhivehi Raajje, ), officially the Republic of Maldives ( dv, ދިވެހިރާއްޖޭގެ ޖުމްހޫރިއްޔާ, translit=Dhivehi Raajjeyge Jumhooriyyaa, label=none, ), is an archipelagic state located in South Asia, situated in the Indian Ocean. It lies southwest of Sri Lanka and India, about from the Asian continent's mainland. The chain of atolls of the Maldives, 26 atolls stretches across the equator from Atolls of the Maldives#Ihavandhippolhu, Ihavandhippolhu Atoll in the north to Addu Atoll in the south. Comprising a territory spanning roughly including the sea, land area of all the islands comprises , Maldives is one of the world's most geographically dispersed sovereign states and the List of sovereign states and dependent territories in Asia, smallest Asian country as well as one of the smallest Muslim countries, Muslim-majority countries by land area and, with around 557,751 inhabitants, the 2nd List of Asian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Haveeru Daily
Haveeru Daily (Dhivehi: ހަވީރ ދުވަހު ނޫސް) was the longest serving daily newspaper in the Maldives, established on January 1, 1979. History When local newspaper ''Moonlight'' ceased publication on December 9, 1978, Haveeru was registered on December 28, 1978, to fill the gap created by the absence of a newspaper. The first issue of Haveeru was brought out on January 1, 1979, under the proprietorship of Mohamed Zahir Hussain, who is a close friend of the President Maumoon Abdul Gayoom and has been serving Minister level positions of the government since 1978 The name The name ''Haveeru'' symbolises the onset of the cool evening time after the heat of the day, which is also the time when the newspaper is brought out. In Dhivehi literature, "haveeru kurun" means the get-together of poets and writers for literary exchanges. Thus, it was decided that the newspaper's name should also symbolise news, information and literary learning. Haveeru Daily is the longest serving ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maldives Monetary Authority
The Maldives Monetary Authority (MMA) is the central bank of the republic of Maldives and was established on July 1, 1981, under the mandate provided by the "MMA Act" of 1981, located in the capital city of Malé. The current governor and chairperson is Ali Hashim and deputy governor is Mr. Ahmed Imad. It is a member of the Asian Clearing Union. Its primary functions are to issue currency, regulate the availability of Maldivian rufiyaa (MVR), promote its stability, manage licenses, supervise and regulate institutions in the financial sector, formulate and implement monetary policy and to advise the government on issues relating to the economy and financial systems. The MMA is a member of thAlliance for Financial Inclusionand is active in developing financial inclusion policy. Governors * Maumoon Abdul Gayoom, July 1981 - August 2004 * Mohamed Jaleel, September 2004 - July 2005 * Qasim Ibrahim, August 2005 - April 2007 * Abdulla Jihad, August 2007 - July 2008 * Fazeel Najeeb, Oct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maldives Stock Exchange
The Maldives Stock Exchange (MSE), is a private sector Stock Exchange located at 3rd Floor, H. Gadhamoo Building in Malé, Maldives. A ''Securities Trading Floor'' (STF) was first established on 14 April 2002. It was operated by the Capital Market Development Authority (CMDA), the regulator. However, the Securities Act 2006 requires that CMDA invite offers from a private company to establish and operate a stock exchange. The Maldives Stock Exchange Pvt Ltd has been licensed to operate as a Stock Exchange since the 23 January 2008. As such the MSE started its operations effective from 24 January 2008. The primary function of MSE is to facilitate companies raise capital through the issue of new securities. The MSE provides a regulated market for the trading of securities between investors. The MSE is also the centre for trade reporting and pricing of the stocks. It also provides clearing, settlement and depository services through a subsidiary, the ''Maldives Securities Depositor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Maldives)
The Ministry of Finance of the Republic of Maldives is responsible for managing the public finances of the Maldives. History The Finance Ministry was established in 1932 under the Arabic name ''Vuzaaraathul Maaliyya'' to handle the Sultanate of the Maldives' financial affairs. Ministers of Finance * Abdul Majeed Rannaban’deyri Kilegefaanu, 11 March 1903 to 14 October 1932 * Hassan Farid Didi, 22 December 1932 to 18 January 1942 * Mohamed Amin Didi, 18 January 1942 to 31 December 1952 * Ibrahim Muhammad Didi, 12 July 1954 to 27 November 1955 * Ibrahim Faamudheyri Kilegefaanu, 27 November 1955 to 14 December 1957 * Ibrahim Nasir, 14 December 1957 to 11 November 1968 * Abdul Sattar Moosa Didi, 29 October 1970 to 10 March 1975 * Mohamed Nooruddin, 7 July 1976 to 11 November 1978 * Maumoon Abdul Gayyoom, 11 November 1978 to 5 January 1989 * Ismail Fathy, 5 January 1989 to 11 November 1993 * Arif Hilmy, 11 November 1993 to 31 May 2000 * Mohamed Jaleel, 1 June 2000 to 14 Jul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of The Maldives
The president of the Maldives ( dv, ދިވެހިރާއްޖޭގެ ރައީސުލްޖުމްހޫރިއްޔާ) is the head of state and head of government of the Republic of Maldives and the commander-in-chief of the Maldives National Defence Force. The current president is Ibrahim Mohamed Solih elected in 2018 by a majority of 58.4%, taking the government from Abdulla Yameen Abdul Gayoom. Qualifications The Constitution of the Maldives requires the following for a president: * be a Maldivian citizen born to parents who are Maldivian citizens * and who is not also a citizen of a foreign country * be a Muslim and a follower of a Sunni school of Islam; List of officeholders Key ;''Political parties'' * * * * * * * Latest election Results See also *Politics of the Maldives * History of the Maldives * List of sultans of the Maldives *List of head of state of the Maldives *Prime Minister of the Maldives *Vice President of the Maldives *First Lady of the Maldives ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Financial Regulatory Authorities By Jurisdiction
The following is an incomplete list of financial regulatory and supervisory authorities by individual jurisdiction. Central banks are only listed where they act as direct supervisors of individual financial firms. Unless they are set up exclusively for financial services, competition authorities and takeover panels are not listed. Financial intelligence units and policy banks are not listed, unless they also have a financial supervisory mandate. List of current authorities A-B * Afghanistan: Da Afghanistan Bank * Albania: Financial Supervisory Authority (AMF) * Algeria: Commission d'Organisation et de Surveillance des Opérations de Bourse (COSOB) * Andorra: Andorran Financial Authority (AFA) * Angola: Capital Markets Commission (CMC) and Agência Angolana de Regulação e Supervisão de Seguros (ARSEG) * Anguilla: Eastern Caribbean Central Bank and Financial Services Commission (FSC) * Antigua & Barbuda: Eastern Caribbean Central Bank and Financial Services Regulator ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of The Maldives
The politics of the Maldives, as per the reports, take place in the framework of a presidential representative democratic republic, whereby the President is the Head of Government. Executive power is exercised by the government. The President heads the executive branch and appoints the Cabinet; like many presidential democracies, each member of the cabinet need to be approved by the Parliament. The President, along with their pick for vice president, is directly elected by the denizens to a five-year term by a secret ballot. Once in office, they could be re-elected to a second 5-year term, which is the limit allowed by the Constitution. The current President of the Maldives is Ibrahim Mohamed Solih, who was sworn into office on July 13, 2018, when his predecessor, Abdulla Yameen, lost the 2018 presidential election. Yameen followed his own predecessor Mohamed Nasheed's forced resignation in a coup led by the police. Nasheed reportedly resigned involuntarily to forestall an esc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulatory Authorities
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Maldives
In ancient times, Maldives were renowned for cowries, coir rope, dried tuna fish (Maldive fish), ambergris (''maavaharu'') and coco de mer (''tavakkaashi''). Local and foreign trading ships used to load these products in the Maldives and bring them abroad. Nowadays, the mixed economy of Maldives is based on the principal activities of tourism, fishing and shipping. Tourism is the largest industry in the Maldives, accounting for 28% of GDP and more than 60% of the Maldives' foreign exchange receipts. It powered the current GDP per capita to expand 265% in the 1980s and a further 115% in the 1990s. Over 90% of government tax revenue flows in from import duties and tourism-related taxes. Fishing is the second leading sector in the Maldives. The economic reform program by the government in 1989 lifted import quotas and opened some exports to the private sector. Subsequently, it has liberalized regulations to allow more foreign investment. Agriculture and manufacturing play a mino ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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