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Business, Economy, Markets

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

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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