Doha: The Deputy Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman Al Thani said that Qatar plans to invest in Lebanese government bonds to support the country’s economy.

The decision was made after a meeting between the Amir H H Sheikh Tamim bin Hamad Al Thani and Lebanese President Michel Aoun during his visit to Beirut where he headed the Qatar delegation at the Arab Economic and Social Development Summit, which ended its fourth session in the Lebanese capital.

In a statement to Qatar News Agency (QNA), the Deputy Prime Minister said that Qatar will purchase Lebanese government bonds worth $500 million.

He stressed that this step comes to strengthen the Lebanese economy, adding that Qatar has always been committed to supporting Lebanese people in light of the great challenges they face.

He also said that this move stems from the profound fraternal ties between the two countries, stressing Qatar’s firm commitment to the Arab brothers, no matter how the circumstances change.

The Deputy Prime Minister expressed hope that the Lebanese Republic and Lebanese people enjoy stability and prosperity, and that the Lebanese economy will recover, stressing that the region needs a strong and prosperous Lebanon.