Mubasher: The GCC’s holdings of the US Treasuries rose 3.5% month-on-month in February 2018, compared to a month earlier.
The GCC states’ investment in the US government bonds increased to $257.45 billion in the second month of 20118 versus $248.69 billion in January, according to the latest data released by the US Department of the Treasury (USDT).
Saud Arabia’s holdings ranked first among the GCC economies, jumping 5.1% to $150.9 billion in February compared to $143.6 billion in the previous month.
The UAE’s investments in the US Treasuries increased 2.4% to $57.5 billion in February from $55.1 billion in the month before.
Moreover, Qatar rose its holdings of the US Treasuries to $317 million in February versus $235 million in January, the data showed.
On the flipside, both Kuwait and Oman decreased their investments in the US Treasuries during February to $36.3 billion and $11.991 billion, respectively.