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Rupiah’s resilience put to test as Indonesia heads for elections

Indonesian rupiah banknotes as yield reach 10 month high

BLOOMBERG The rupiah looks poised to weaken heading into 2024, as uncertainty ahead of Indonesia’s national elections in February plays on investors’ minds. The currency may trade around 15,800 a dollar in the first quarter next year, according to BNY Mellon Corp, HSBC Holdings Plc and PT Bank Mandiri. It closed at 15,493 on December 15. Historically, the rupiah has ...

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UAE supports Ukrainian health sector with 2nd batch of ambulances in ongoing relief efforts

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ABU DHABI/ WAM The UAE Embassy in Poland, today received a ship carrying 27 fully equipped ambulances to support the health sector in Ukraine. Implementing the wise leadership’s directives, this shipment follows a previous one last September that carried 23 ambulances. Thus, 50 ambulances provided by the UAE were delivered to Ukraine in 2023. The UAE Embassy in Poland has ...

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Fifth edition of ADNOC Abu Dhabi Marathon sets new women’s record

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ABU DHABI/ WAM The fifth edition of the ADNOC Abu Dhabi Marathon witnessed a new women’s record set by first-timer Brigid Kosgei, as more than 25,000 participants from 168 different nationalities took to the streets of the UAE capital. The five-time major Marathon champion swept to victory with a stunning time of 2:19:15 – a minute quicker than the previous ...

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