US Treasury sanctions target Banque Misr's UAE branch.
2 reports, 2 independent
Updated Aug 29
Gone quiet
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
US Treasury sanctions target Banque Misr's UAE branch.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.US Treasury imposed sanctions specifically on Banque Misr's UAE operations.1 source
US sanctions target Banque Misr's UAE branch due to Iran dealings, linked to Bessent's policy.1 source
Keep exploring
Part of
US Treasury targets operations of an Egyptian bank in the UAE, amidst G20 finance ministers gathering in Asheville.Also in this story
- US Treasury tightens economic squeeze on Iran, utilizing correspondent banking relationships between Egyptian banks and international financial institutions.
- Egypt hosts talks between leaders and international bodies while a Banque Misr branch faces sanctions amid strategic balancing between US and Chinese interests.
- Banque Misr is accused of continued egregious support for the Iranian regime, leading to the revocation of its banking access to U.S. financial institutions.
The entities involved
-
Banque Misr
Egyptian bank
Nothing else this week.
Related events
- Banque Misr, an Egyptian state-owned bank, operates branches in the United Arab Emirates.
- The US launched Operation Economic Outcast, imposing secondary sanctions on Iranian partners and urging G20 officials to sever economic links with Iran.
- National Bank of Egypt acquired Banque Misr's UAE branches.
- Scott Bessent, while meeting counterparts in Beijing, announced that US proposed rulemaking targets financial institutions like Banque Misr in connection with Iran sanctions.