Banque Misr, Egypt’s second-largest, hit by US sanctions: What to know

Move comes as Washington steps up its efforts to economically pressure Iran amid deadlock in truce talks.

The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.

CAIRO: Egypt's Banque Misr said on Saturday (Aug 29) it was reviewing a US Treasury notice to cut off its UAE branches from dollar transactions over their dealings with Iran, while the UAE central bank said it had launched an urgent examination of the branches following the US action.The US imposition of Iran-related s

UAE central bank to inspect Banque Misr branches after US sanctions The UAE central bank said Saturday it will inspect Banque Misr’s local branches, after Washington said it would cut off the institution’s operations in the Gulf state from the US financial system as it tries to choke Iran off economically. “For B

Egypt's Banque Misr reviews US Iran sanctions notice, UAE central bank launches urgent examination  Reuters

The Central Bank of Egypt (CBE) warned bank customers and users against sharing their One-Time Password (OTP) with anyone, explaining that disclosing this code could expose them to risks related to their transactions and bank account. The CBE published an awareness warning on its official Facebook page, urging users to

Banque Misr says it is reviewing US Iran sanctions notice  Dawn