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

 

“Deputy Prime Minister and Minister of Foreign Affairs revealed Qatar's intention to invest in Lebanese government bonds in support of Lebanon’s economy,” QNA said on Twitter.

 

“The state of Qatar will buy Lebanese government bonds valued at $500 million,” the agency quoted Foreign Minister Mohammed bin Abdulrahman al-Thani.

 

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,” QNA quoted the minister.

 

The Qatari move comes one day after its participation in the Arab Economic and Development summit held in the capital Beirut.