#Banque Misr
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UAE and Egyptian central banks decide on joint cooperation for Banque Misr branches
Following the US decision to ban dollar transactions for Banque Misr's UAE branches due to its relations with Iran, the central banks of the UAE and Egypt have decided to coordinate to ensure the continuation of operations.
News
Economy
US Imposes Sanctions on Banque Misr's UAE Branches Over Iran Ties
The US Department of the Treasury has restricted dollar access for Banque Misr's branches in the United Arab Emirates, citing transactions linked to Iran. The decision was announced as part of a strategy to increase economic pressure during the sixth month of the war between Washington and Tehran.
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World