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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.
  • 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.