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Business, Economy, Markets

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

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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