After the United Arab Emirates, Qatar also took action. Gulf central banks work together to ease the impact of the war.

Following the United Arab Emirates Central Bank, the Qatar Central Bank has also introduced a loosening plan to alleviate the economic impact of the war. The Qatar Central Bank allows lending institutions to offer borrowers payment extensions, reduce reserve requirements for deposits, and provide unlimited repo liquidity. Policymakers in the Gulf region are racing against time to address the impact of the Iran war (currently in its fifth week). The Qatar Central Bank stated on Monday that these measures include allowing customers affected by the "current situation" to defer repayment of loan principal and interest for up to three months. In addition, the central bank will also provide an "unlimited Qatar Riyal repo mechanism backed by eligible securities held by banks," and introduce a term repo mechanism with a maximum term of three months. The Qatar Central Bank will reduce the reserve ratio from 4.5% to 3.5% to release more liquidity. The central bank stated that the liquidity levels of the Qatar Riyal and foreign currencies are strong, with capital adequacy ratios far exceeding regulatory minimum requirements, and reserves sufficient to address credit risk. As the US-Iran war has been going on for over a month, Qatar is facing the consequences of Tehran's retaliatory actions. The world's largest liquefied natural gas plant, the Ras Laffan plant, has been severely damaged, with repairs potentially taking up to five years. Additionally, Qatar Airways, the second-largest airline in the region after Emirates, has canceled thousands of flights since the end of February. The company has contacted several aircraft leasing companies to discuss the possibility of deferring or reducing rental payments, citing the ongoing war and the impact of closed airspace. Earlier, the United Arab Emirates Central Bank also introduced a recovery plan aimed at supporting the banking sector, enhancing liquidity, and lending capacity. Among Gulf countries, the UAE has suffered retaliatory attacks from Tehran, with its energy infrastructure, airports, residential and commercial buildings being damaged by intercepted missiles and fragments. The Qatar Central Bank is the first central bank in the region to allow banks to extend loans for three months. This move echoes similar emergency relief plans implemented in the Gulf region during the 2020-2021 pandemic. At that time, regulatory agencies including the UAE Central Bank and the Saudi Central Bank allowed loan repayments to be suspended to alleviate the difficulties faced by borrowers due to income shocks. The benchmark stock indices in the Gulf region have seen significant declines, with investors reducing their exposure to emerging markets. The Qatar benchmark index has fallen by 8% since the outbreak of the war. The Dubai benchmark index has fallen by over 15% since the outbreak of the war, and the Abu Dhabi benchmark index has also dropped by nearly 9%.