Banque Misr News

The central banks of the UAE and Egypt issued a joint statement affirming coordination regarding Banque Misr's UAE branches after US action targeted their dolla

The United Arab Emirates will review Banque Misr after the Treasury Department accused its UAE branches of assisting Iran in evading sanctions. The Emirati cent

Banque Misr, Egypt's second-largest bank, has been hit by US sanctions as Washington increases economic pressure on Iran amid stalled truce talks.

The US has cut Banque Misr's access to dollars, prompting an investigation by the UAE.