Kuwait’s investments in US Treasury bills and bonds surged by 7.6% as of December’s close, reaching $46.32 billion, up from $43.06 billion recorded by the end of November 2023.
Recent US Treasury data indicates that the value of investments in Treasury bonds and bills by the three largest Gulf countries, including Kuwait, surged to $242.18 billion by the end of last December.
Saudi Arabia led the list of Arab countries as the largest holder of US bonds, increasing its monthly investments by 2.98% to $131.87 billion by the end of December 2023. This marked its highest level since early 2021, compared to $128.05 billion until the end of last November.
The UAE secured the second position, with total investments reaching $63.98 billion by the end of last December, reflecting a 1.8% increase from the previous month’s $62.85 billion.
Egypt decreased its holdings in US bonds by 31.5% to $2.399 billion by the end of last December, down from $3.524 billion at the end of November 2023, data shows.
