Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Saudi Arabia’s holdings of US Treasuries up $399 million in Oct 2023

The Crown Prince has directed the implementation of the project to strengthen historic Jeddah buildings.
By Hilal Mir
December 21, 2023 3:17 pm
  • The Kingdom kept the 17th place among the largest holders of US Treasuries for the month, Argaam reported.
  • Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $102.3 billion.

Riyadh, Saudi Arabia — Saudi Arabia’s holdings of US Treasuries reached $117.5 billion in October 2023, up $399 million month-on-month and the highest level since December 2022, new data released by the US Treasury showed.

The Kingdom kept the 17th place among the largest holders of US Treasuries for the month, Argaam reported.

Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $102.3 billion, representing 87 percent of the total, and short-term bonds worth $15.2 billion, accounting for 13 percent.

Japan was the top holder of US Treasuries in October, with nearly $1.09 trillion. China came in second with $769.6 billion and the UK third with $693 billion.

The total foreign holdings amounted to $7.565 trillion, Argaam reported.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]