Business

Treasury Sanctions UAE Branch of Egyptian Bank

Updated 2026-08-28 15:55 UTC 2 sources Negative

The U.S. Treasury has sanctioned the UAE branch of Banque Misr for processing $1.8 billion over two years through companies linked to Iran's shadow banking network.

Coverage timeline — 2 articles
MarketWatch
Views on what it takes to get ahead in the U.S. are undergoing a ‘sea change.’
2026-08-28 15:45 UTC
CNBC
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.
2026-08-28 15:48 UTC
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