
US and EU Sanction Egyptian Bank Branch Over Iran Ties
The US Treasury and European Union have imposed sanctions and restrictions on a United Arab Emirates branch of an Egyptian bank. The measures target the institution for facilitating financial transactions linked to Iran.
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US Treasury imposes limits on Egyptian bank for doing business with Iran
Measures targeting UAE branches of Banque Misr are part of Trump administration’s efforts to isolate Tehran
Read full article →Treasury moves to sanction UAE branch of Egyptian bank over Iran ties
Banque Misr UAE processed about $1.8 billion over two years for some 100 companies that are potentially part of Iran's shadow banking network, Treasury said.
Read full article →US to set limits on Egyptian bank in effort to pressure Iran: official
The move affects Banque Misr's UAE branches, blocking their access to US financial institutions.
By AFP
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