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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

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.

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