Press Releases

ADB to Help Maldives Strengthen Climate Resilience, Food Security

MANILA, PHILIPPINES (11 November 2024) — The Asian Development Bank (ADB) has approved a $21.95 million financing package to build Maldives’ capacity to combat the effects of climate change and ensure sustainability of its food systems. The...

Dancing with currents and waves in the Maldives

Any child who’s spent a morning building sandcastles only to watch the afternoon tide ruin them in minutes knows the ocean always wins. Yet, coastal protection strategies have historically focused on battling the sea — attempting to hold back...

US tariffs to affect economic growth of S. Asia in 2026

(MENAFN) The World Bank has warned that new US tariffs on South Asian imports could significantly dampen the region’s economic growth in 2026, cutting its growth projection from 6.4% to 5.8%, according to a report published on Tuesday. The...

Sun Siyam Iru Veli and Sun Siyam Vilu Reef Introduce Jet Car Experience

MALDIVES, August 19, 2025 /⁨EINPresswire.com⁩/ -- At Sun Siyam Iru Veli and Sun Siyam Vilu Reef, guests can now carve through the crystal-clear lagoons in a sleek, high-performance ride that blends adrenaline with elegance on their latest water...

Heritance Aarah Partners with Outhouse for “Alchemy of 13” – A Fusion of Luxury Hospitality and Bold Design

Heritance Aarah Partners with Outhouse for “Alchemy of 13” – A Fusion of Luxury Hospitality and Bold Design RAA ATOLL, NORTHERN PROVINCE, MALDIVES, September 8, 2025 /⁨EINPresswire.com⁩/ -- Heritance Aarah, the Maldives’ premier all-inclusive...

SPARTAN CAPITAL SECURITIES, LLC SERVES AS EXCLUSIVE PLACEMENT AGENT FOR MULTI WAYS HOLDINGS’ $1.485 MILLION SECOND TRANCHE, BRINGING TOTAL REGISTERED DIRECT OFFERING TO $2.97 MILLION

New York, NY, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Spartan Capital Securities, LLC (“Spartan Capital”), a premier investment banking firm, announced the closing of the second tranche of a registered direct offering for Multi Ways Holdings Limited...

Joint Statement on the Global Sumud Flotilla bound for Gaza

The Ministers of Foreign Affairs of Bangladesh, Brazil, Colombia, Indonesia, Ireland, Libya, Malaysia, Maldives, Mexico, Pakistan, Qatar, Oman, Slovenia, South Africa, Spain and Türkiye express their concern about the security of the Global Sumud...

Zayed Sustainability Prize Announces 2026 Finalists Driving Global Impact

ABU DHABI, UNITED ARAB EMIRATES, October 2, 2025 /⁨EINPresswire.com⁩/ -- • 33 finalists selected from 7,761 submissions across 173 countries • This year’s finalists are pioneering inclusive, tech-enabled, and locally adapted solutions that tackle...

Sun Siyam Olhuveli Welcomes Myles Murphy as New Marine Biologist

MALDIVES, July 10, 2025 /⁨EINPresswire.com⁩/ -- Sun Siyam Olhuveli announces their new Marine Biologist, Myles Murphy, reinforcing its commitment to marine conservation and sustainability. Originally from the UK, Myles Murphy graduated with a...

Multi Ways Holdings Announces Closing of Second Tranche of $1.485 Million Registered Direct Offering

SINGAPORE, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways,” the “Company” or the “Issuer”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and...

Sun Siyam Iru Fushi Hosts An Immersive Eco Week - Honoring World Reef Awareness, World Environment & World Ocean Day

MALDIVES, June 20, 2025 /⁨EINPresswire.com⁩/ -- Sun Siyam Iru Fushi recently celebrated its annual Eco Week - Celebrating Our Planet, a vibrant initiative dedicated to environmental awareness and sustainability. Guests and team members came...

World Coastal Forum 2025 Conference Convenes in Yancheng to Share Experiences in Ecological Priority, Green Development

YANCHENG, China, Sept. 24, 2025 (GLOBE NEWSWIRE) -- On Sept. 24, at the opening ceremony of the World Coastal Forum 2025 Conference, the report State of the World's Coastal Ecosystems was released. For the first time, the report provides a...

Spain Pledges Full Protection for Sumud Flotilla

(MENAFN) Spain’s Foreign Minister Jose Manuel Albares has reiterated Madrid’s unwavering diplomatic and consular support for those participating in the Sumud Global Flotilla, dismissing threats from the Israeli government. Albares emphasized the...

Undersea Cabling Industry Analysis Report 2025: Key Trends, Drivers, and Forecast Insights

The Business Research Company's Undersea Cabling Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, September 22, 2025 /⁨EINPresswire.com⁩/ -- "Get 30% Off All Global Market...

Responsible and Sustainable Efforts at Atmosphere Kanifushi Acknowledged with Green Globe Gold Certification

Green Globe recently awarded Gold certification to Atmosphere Kanifushi in the Maldives. SANTA MONICA, CA, UNITED STATES, July 18, 2025 /⁨EINPresswire.com⁩/ -- Green Globe recently awarded Gold certification to Atmosphere Kanifushi in the...

Raffles Seychelles Receives Green Globe Certification for Sustainability Excellence

Raffles Seychelles is proud to announce that it has been awarded its first Green Globe certification. SANTA MONICA, CA, UNITED STATES, September 19, 2025 /⁨EINPresswire.com⁩/ -- Raffles Seychelles is proud to announce that it has been awarded its...

Spartan Capital Securities Serves as Exclusive Placement Agent for Multi Ways Holdings’ $1.485 Million Registered Direct Offering

New York, NY, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Spartan Capital Securities, LLC (“Spartan Capital”), a premier investment banking firm, today announced the closing of a registered direct offering for Multi Ways Holdings Limited (NYSE American:...

16 Nations Call for Protection of Gaza Aid Flotilla

(MENAFN) Foreign ministers from South Africa and 15 other nations voiced their concerns on Tuesday regarding the safety of the Global Sumud Flotilla (GSF), which is en route to Gaza. The ministers, in a joint statement issued by South Africa's...

Sixteen Nations Caution on Threats to Sumud Flotilla

(MENAFN) Foreign ministers representing South Africa alongside 15 other states issued a collective declaration on Tuesday highlighting their concern for the security of the Global Sumud Flotilla (GSF), a civilian maritime relief mission bound for...

Multi Ways Holdings Announces Closing of $1.485 Million Registered Direct Offering

SINGAPORE, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Multi Ways Holdings Limited (“Multi Ways,” the “Company” or the “Issuer”) (NYSE American: MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and...