Qatar will provide Lebanon with about $434 million in financial support, with most of it aimed at the country’s ailing energy sector, according to Qatar’s Fund Qatar will provide Lebanon with about $434 million in financial support, with most of it aimed at the country’s ailing energy sector, according to Qatar’s Fund
Qatar to provide Lebanon with $430m financial support
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
Qatar will provide Lebanon with about $434 million in financial support, with most of it aimed at the country’s ailing energy sector, according to Qatar’s Fund for Development.
Qatar has been providing the Lebanese army with grants for fuel and salaries. Lebanon needs foreign funds to help meet a huge reconstruction bill from the 2024 war between Israel and Lebanese armed group Hezbollah, in which Israeli air strikes flattened swathes of the country.
Even before the conflict, Lebanon had for years been struggling with a severe shortage of imported fuel and poor infrastructure.
A fund statement said about $400 million would be provided to support the energy sector, of which 10 percent had been allocated as a grant. The financial support would also aim at bolstering the Lebanese army’s capacities and other sectors.
Further reading:
- Lebanon says no need for gold sales to repay depositors
- Lebanon PM says IMF seeks changes to draft deposits law
- Lebanon seeks Gulf investment for solar projects
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Stunning 96% Surge And 50% Plunge Define Volatile Market Session
The post Stunning 96% Surge And 50% Plunge Define Volatile Market Session appeared on BitcoinEthereumNews.com. Crypto Gainers And Losers: Stunning 96% Surge And
Share
BitcoinEthereumNews2026/04/03 09:20
BitGo Holdings (BTGO) Stock Climbs Following Launch of Institutional Stablecoin Platform
BitGo Holdings (BTGO) stock climbs as the company launches BitGo Mint, streamlining stablecoin operations for institutional clients. The post BitGo Holdings (BTGO
Share
Blockonomi2026/04/02 21:13
Coinbase adds USDC lending with Morpho on Base
The post Coinbase adds USDC lending with Morpho on Base appeared on BitcoinEthereumNews.com. Coinbase will introduce USDC lending directly within its app, allowing users to earn yields as high as 10.8% through a new onchain integration with Morpho, the company said on Thursday. The feature, which will roll out to customers in the US (excluding New York), Bermuda, and other jurisdictions over the coming weeks, enables users to lend their USDC to borrowers on Base, Coinbase’s layer-2 blockchain. The lending system works by creating a smart contract wallet that connects to the Morpho protocol, with Steakhouse Financial managing onchain vaults that allocate liquidity across multiple markets. This design is meant to optimize returns while preserving user access to funds, which can be withdrawn when liquidity is available. Coinbase emphasized that despite the complexity of decentralized finance (DeFi), the integration will maintain the platform’s familiar interface and security features. USDC, a stablecoin redeemable 1:1 for U.S. dollars, already provides Coinbase users with passive rewards of 4.1% APY, or 4.5% for Coinbase One members. The lending expansion marks a push to increase earnings potential for holders of the asset, which has a circulating supply of more than $73 billion. Subheading updated 9/18/25 at 1:02 p.m. to correct a typo in yield percentage. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/coinbase-usdc-onchain
Share
BitcoinEthereumNews2025/09/19 01:13
