Qatar’s most recent intervention in its banking sector has been met by hearty applause from investors, who have sent the Doha Securities Market into positive territory after heavy losses earlier this year.

Last month, Sheikh Hamad bin Jassem al-Thani, Qatar’s prime minister, offered to buy up to $4.1bn of commercial banks’ property investments, to “support the real estate sector...and allow banks to continue to play their vital role” in the country’s development.