Banque Misr says UAE branches operating normally

Banque Misr confirmed in a statement on Sunday that all its branches in the United Arab Emirates are operating as usual. The statement indicated that the bank is following up on the proposal issued by the US Treasury Department regarding a regulatory rule that would impose a special measure concerning Banque Misr’s bra

Treasury Dept called Banque Misr UAE critical node for Iranian regime’s access to US dollars.

Banque Misr branches in Emirates 'conducting business as usual', UAE and Egypt regulators say  thenationalnews.com

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

The US Treasury Department is due to cut off a major Egyptian bank's operations in the United Arab Emirates from the US financial system, an official said Friday, as Washington pushes to choke Iran off economically.

With reference to the announcement by the U.S. Department of the Treasury regarding the taking of a regulatory action related to restricting U.S. dollar correspondent banking services provided by U.S. financial institutions to Banque Misr’s branch in the United Arab Emirates, Banque Misr affirms its full respect for th