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 Qatar Development Bank (QDB) has launched an updated version of its Housing Loan App, enabling citizens benefiting from the housing loan programme to complete the procedures involved in building their homes digitally, without the need to visit the bank.  The upgraded application simplifies the homebuilding journey by bringing key housing loan services to a single digital platform, allowing beneficiaries to manage applications, complete documentation, sign contracts electronically, and track requests and payments on their mobile phones.  Under the updated system, eligible citizens can access the various stages of the housing loan process, from submitting an initial application to completing contractual formalities and following up on subsequent transactions. The initiative is considered a further step in QDB’s efforts to enhance digital service delivery and make housing finance procedures more accessible and efficient for beneficiaries.  A key feature of the updated application is electronic contract signing, which lets customers complete housing loan agreements digitally instead of travelling to a bank branch to finalise the paperwork. The app also supports electronic submission of required documents, streamlining administrative procedures and reducing the need for in-person interactions.  Meanwhile, users can create an account, submit housing loan applications, upload supporting documents, review application requirements and monitor the progress of their requests.Beneficiaries can also follow up on payments and access relevant updates through the application.  The digital process covers several stages of the housing journey, including application submission, document verification, contract signing and subsequent follow-up. By consolidating these services in one platform, the updated app aims to make it easier for customers to manage the administrative aspects of building a home.  The launch reflects the growing role of digital platforms in delivering public-facing financial services in Qatar, where institutions increasingly adopt technology to improve customer experience, simplify transactions, and reduce reliance on traditional branch-based procedures.  Accordingly, QDB has encouraged beneficiaries to download the Housing Loan App from the Apple App Store and Google Play to access updated services and begin managing their housing loan processes digitally. 

The European Commission proposed Wednesday an unprecedented use of frozen Russian assets or international borrowing to raise €90bn ($105bn) for Ukraine to cover its struggling military and basic services against Russia's war.The European Union's executive body has declared it favours a "reparations loan" using Russian state assets immobilised in the EU due to Russia's invasion of Ukraine. But Belgium, which holds most of the assets, has voiced a range of concerns that it said had not been satisfactorily addressed by the proposals."We are proposing to cover two-thirds of Ukraine’s financing needs for the next two years. That’s €90bn euros. The remainder would be for international partners to cover," Commission President Ursula von der Leyen told reporters."Since pressure is the only language the Kremlin responds to, we can also dial it up," she said. "We have to increase the costs of war for (Russian President Vladimir) Putin's aggression and today's proposal gives us the means to do this."She said the proposal to EU member states had taken into account almost all the concerns raised by Belgium, whose Brussels-based financial institution Euroclear is the main holder of the assets.The proposal would now also cover other financial institutions in the EU that hold Russian assets, von der Leyen said. EU officials said France, Germany, Sweden and Cyprus also held such assets.Russia has warned the EU and Belgium against using its assets, which it says would be an act of theft. The Commission says the scheme does not amount to confiscation as the money would be in the form of a loan — although Ukraine would only have to redeem it if Russia pays reparations.The complexities around the scheme increased after a US-backed 28-point plan to end the war in Ukraine proposed that some of the assets be used in a joint American-Russian investment vehicle.But von der Leyen said she had informed US Treasury Secretary Scott Bessent of her plan to move forward with the reparations loan and it had been "positively received".Economy Commissioner Valdis Dombrovskis said the EU was also seeking to persuade other international partners to provide support in the first quarter of next year as the EU money would probably not be available until the second quarter.The Commission said the EU could proceed with the scheme if 15 out of 27 member countries, representing at least 65% of the bloc's population, voted in favour.EU officials said this would also apply to ensure Russia's sanctioned assets remain immobilised, an essential part of the reparations loans, under EU law allowing financial assistance in instances of "severe difficulties". Sanctions roll-overs normally require unanimity.The other option — borrowing on international markets using the EU budget — would also normally require unanimity among EU countries — a potentially difficult hurdle as Hungary's Russia-friendly government has opposed previous funding for Ukraine.European Central Bank President Christine Lagarde told a European Parliament hearing that using a reparations loan would be a stretch from a legal and financial standpoint though it would "hopefully" respect international law and financial stability.Hours earlier, before the Commission's legal proposals were presented, Belgian Foreign Minister Maxime Prevot declared that they fell short of Belgium's requirements."We have the frustrating feeling of not having been heard. Our concerns are being downplayed," Prevot told reporters at a meeting of Nato foreign ministers in Brussels."The texts the Commission will table today do not address our concerns in a satisfactory manner."The issue is likely to come to a head at an EU leaders summit on December 18, when the Commission said it hoped to clinch a firm commitment by member states.Belgium has demanded that other EU countries guarantee they will cover all legal costs arising from any Russian lawsuits against the scheme. It also wants them to guarantee they would help provide money quickly to pay Russia back if a court ever ruled Moscow must be refunded.Thirdly, it has demanded that other countries holding Russian frozen assets also make those funds available to Ukraine. 

The British government agreed a loan guarantee worth £1.5 billion ($2 billion) for Jaguar Land Rover to shore up its cash reserves and supply chain, the trade minister said Sunday, after a damaging recent cyberattack.JLR said on September 2 that it had been targeted by hackers, forcing it to suspend production at its UK factories.The automaker said on Thursday that its IT systems were partly back online as part of a "phased restart", but production would remain on pause until at least October 1.The government announced that it would back the company with a loan guarantee "expected to unlock up to £1.5 billion to give certainty to its supply chain".The move does not mean that the government will lend money directly to JLR, which is owned by India's Tata Motors.Instead, a government credit agency will provide the guarantee for a loan from a commercial bank that will be repaid over five years.Trade minister Peter Kyle said the guarantee "will help support the supply chain and protect skilled jobs in the West Midlands, Merseyside and throughout the UK"."This cyberattack was not only an assault on an iconic British brand, but on our world-leading automotive sector and the men and women whose livelihoods depend on it," he said.JLR has said its partial systems restart was helping to clear a backlog of payments to its suppliers, after unions warned that some were at risk of collapse due to the disruption.Cyber gangs have increasingly targeted luxury brands and retailers, including Britain's Marks and Spencer, Harrods and the Co-op food chain.