Dubai – Mubasher: The UAE rose its US Treasury holdings by 1.7%, or $1 billion, month-on-month to $60 billion in September, from $59 billion.
Meanwhile, the GCC nation’s holdings of US government bonds increased by 10.5% year-on-year, or $5.7 million, in September versus $54.3 billion, according to data released by the US Treasury Department.
The UAE ranked second among the Arab world’s investors in the US debt instruments, while Saudi Arabia took the lead with $176.1 billion.
Globally, China topped the list with $1.151 trillion in US Treasuries, followed by Japan with $1.28 trillion.
