The U.S. Treasury Department moves to limit operations by Banque Misr in the United Arab Emirates, citing alleged support for Iran. Multiple outlets report that Treasury actions focus on Banque Misr’s UAE branches and would cut them off from access to the U.S. financial system under a proposed rule.
U.S. limits Banque Misr UAE branches in renewed sanctions push on Iran
The U.S. Treasury Department moves to limit operations by Banque Misr in the United Arab Emirates, citing alleged support for Iran. Multiple outlets report that Treasury actions focus on Banque Misr’s...
6 sources
1 month ago
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Key Points
- The U.S. Treasury Department targets Banque Misr’s branches in the United Arab Emirates.
- The U.S. accuses Banque Misr of helping or doing business with Iran.
- The measures restrict the UAE branches’ access to the U.S. financial system.
- The UAE central bank says it will examine the matter.
- The actions are described as part of a broader U.S. effort to economically isolate Iran.
How Outlets Covered This Story
THE
KOR
Korea Times
US targets Egyptian bank's UAE branches under new push for Iran's economic isolation
1 month ago
MIN
Mint (India)
Trump administration targets Egyptian bank’s UAE branches in fresh push to isolate Iran
1 month ago
PBS
PBS NewsHour
U.S. targets Egyptian bank's UAE branches under new push for Iran's economic isolation
1 month ago
WAS
FIN
Financial Times
US Treasury imposes limits on Egyptian bank for doing business with Iran
1 month ago
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