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SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Saudi holdings of US Treasuries surge to $131.9b in December 2023

The UAE's new strategy aims to address trade-based money laundering, third-party laundering, complex legal structures, and technological threats such as cybercrime and virtual assets.
By TRENDS Desk
February 19, 2024 2:07 am
  • The Kingdom maintained 16th place among the largest holders of US treasury securities for December.
  • Saudi Arabia’s holdings of US Treasuries were distributed among long-term and short-term bonds.

ABU DHABI, UAE – Saudi Arabia’s holdings of US Treasuries reached US$131.9 billion in December 2023, up $3.8 billion month-on-month, new data released by the US Treasury showed.

The Kingdom maintained 16th place among the largest holders of US treasury securities for the month. 

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $107.7 billion.

These account for 82 percent of the total, and short-term bonds worth $24.2 billion, accounting for 18 percent.

Japan was the top holder of US Treasuries in December, with nearly $1.13 trillion.

China came in second with $816.3 billion while the UK came third with US$753 billion.

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