INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.
  • 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.