US Sanctions Banque Misr UAE Branches Over $1.8 Billion in Iran Deals
The US Treasury has sanctioned Banque Misr's UAE branches for alleged Iran-linked transactions, prompting regulatory reviews in Egypt and the UAE and raising concerns about regional banking ties and economic pressure.
Read the full story → · Latest coverage 31 Aug 2026, 8:42 am UTC
Key moments · 7
US Treasury imposes limits on Egyptian bank for Iran ties
Financial Times World ↗US Moves Against Egyptian Bank's UAE Branches Over Iran Ties
Bloomberg ↗Banque Misr UAE Faces U.S. Ban Over $1.8B in Iran Shadow Deals
Time.news ↗UAE central bank to inspect Banque Misr branches after US sanctions
Middle East Eye ↗Banque Misr, Egypt's second-largest, hit by US sanctions: What to know
Al Jazeera ↗UAE, Egyptian central banks say they are coordinating on Banque Misr
Middle East Eye ↗'Banque Misr to continue business as usual': UAE, Egypt central banks issue joint statement after US action
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