Qatar to Invest $500 Million in Lebanese Bonds

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Qatar said on Monday that it plans to invest $500 million in Lebanon government bonds, the Qatari News Agency said on Twitter on Monday.

Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani made the announcement in comments to Qatar's state news agency.

“The state of Qatar will buy Lebanese government bonds valued at $500 million,” the Minister told the agency.

The Minister emphasized “Qatar’s backing for Lebanon’s economy, and its commitment to supporting the Lebanese brothers in the face of the challenges facing them. This step comes from the deep bonds of brotherhood that bring together the two brotherly countries,” he added.

Monday's announcement came a day after Qatar's ruler Sheikh Tamim bin Hamad Al Thani made a short rare visit to Lebanon where he met President Michel Aoun and took part in an Arab economic summit.

Lebanon's economy has been struggling from massive debt, little growth and high unemployment.

Earlier this month, Lebanon's Finance Minister Ali Hassan Khalil was quoted by a local newspaper as saying that the country may restructure its debt, leading to sell-off in Lebanese bonds.

He later clarified that Lebanon is committed to paying back all maturing debt.

Comments 10
Thumb thepatriot 21 January 2019, 11:50

This is bad news for Ebola who wants the country to collapse in order to take over more easily...

Thumb doodle-dude 21 January 2019, 19:26

lol@the western shia christian with triple nationality

Thumb warrior 22 January 2019, 06:37

you're only jealous of him because he has triple nationality:)

Thumb lebanon_first 21 January 2019, 13:27

This is what we need in a friendly country.

Not Syria's assad who kills every worthwhile leader we get, keeping alive Berri and his ilk,

And not Iran who arms half the population to bully the other half.

Choukran qatar

Thumb s.o.s 21 January 2019, 18:48

Hare Krishna!

Thumb whyaskwhy 21 January 2019, 17:03

Shukran Qatar indeed and if its true comes at a time when Lebanon really needs it. Lets hope that its controlled and that 3oun and his ministerial family do not get the money as their corrupt traits will take it all without a cent going towards protecting the lira they helped destroy.

Thumb libanaisresilient 21 January 2019, 17:07

Poor Innocent Kids... Didn't you notice that Qatar is now allied to Iran? Game is changing in the region. Long live resistance!

Thumb s.o.s 21 January 2019, 18:47

Yes, Qatar is allied with Turkey, Iran, Hamas, the Muslim Brotherhood.... pretty much terrorists or dictators. Can’t wait for Qatar to turn into an island lmfao.

Thumb warrior 22 January 2019, 06:26

do you have 'resistance' in the west ya fake christian westerner?

Thumb chrisrushlau 22 January 2019, 19:40

Qatar's leader, who deposed his father to take power, has converted Qatar to a democracy, one with local characteristics: he has the only vote.