Qatar’s banks eased repayment terms on real-estate loans, according to the chief executive officer of Doha Bank QSC, after the Saudi Arabia-led standoff hurt property prices, Bloomberg News reported. “Cash flows have been redefined, debt has been restructured to see that debt-servicing capacity is not in danger in the coming days for real estate owners,” Raghavan Seetharaman said in an interview with Bloomberg TV on Monday.
Qatar said on Monday it plans to buy $500 million of Lebanese government bonds to help support one of the world’s most indebted countries, Bloomberg News reported. Eurobonds rallied by the most since September. Lebanon’s struggling economy needs a cash infusion to reassure bond holders still reeling from mixed remarks by officials about the possibility of debt restructuring this month.