Abu Dhabi – Mubasher: The UAE has upped its US Treasury holdings by 2.9%, or $1.7 billion, month-on-month to $59.2 billion in March.

Meanwhile, the GCC nation’s US Treasury holdings declined about 6% year-on-year, or $3.8 billion, in the third month of 2018 from AED 63 billion, data by the US Treasury Department showed.

The UAE ranked second among investors in the US Treasuries in the Arab world, with Saudi Arabia taking the lead with $151.2 billion in US treasury holdings. 

Globally, China topped the list with $1.18 trillion in US treasuries followed by Japan with $1.17 trillion.