Qatar Says Lebanese Bond Buy Was Good Politics, Sound Economics

Qatar decided to buy $500 million of Lebanese government bonds to stabilize an important Middle East country and secure a good investment, according to the country’s foreign minister.

“Lebanon’s stability is our region’s stability and it’s very important for Qatar,” Mohammed Bin Abdulrahman Al Thani said Tuesday in an interview with Bloomberg Television’s Haslinda Amin at the World Economic Forum in Davos, Switzerland. “We took our decision both based on our assessment to stabilize the economy and also as an investment decision, this is a good investment.”