By: Mahmoud Gamal
Mubasher: Investing in the U.S. treasury bonds and bills by the GCC countries has declined by 2.3% in January 2018 compared to December 2017.
The GCC states’ investment in the U.S. treasuries decreased to $248.69 billion in January 2018 from $254.4 billion in the previous month, according to the latest data by the United States Department of the Treasury.
Saudi Arabia, the largest country with investments in the U.S. treasury bonds and bills, posted a decline of 2.6% to $143.6 billion in January compared to $147.4 billion in December 2017.
The UAE’s investments in the U.S. treasuries decreased to $55.1 billion in January 2018 from $57.7 billion in the previous month.
Kuwait maintained its third rank with $36.8 billion investments in the U.S. treasuries.
Meanwhile, Qatar registered a decline to $301 million investments in January compared to $235 million in December 2017.
Oman has raised its investments in the U.S. treasuries to $12.7 billion in January 2017 from $11.7 billion in December.
