Egypt's Banque Misr reviews US dollar curbs, UAE launches urgent probe over Iran links
- Posted on August 30, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
Banque Misr faces heightened scrutiny as it reassesses operations across its UAE subsidiaries following US sanctions linked to alleged Iran-related financial activities. The Central Bank of the UAE has initiated a comprehensive investigation into these branches, reflecting broader American efforts to strengthen sanctions enforcement against Tehran. Despite regulatory pressures, the Egyptian bank maintains that its UAE operations remain fully compliant with international banking standards and local regulations.
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Egypt's Banque Misr reviews US dollar curbs, UAE launches urgent probe over Iran links
Egypt's Banque Misr is reviewing US sanctions targeting its UAE branches for Iran dealings. The UAE central bank has launched an urgent examination of these branches following the US action. This US move is part of a campaign to increase economic pressure on Iran. Banque Misr stated its UAE branch continues to serve customers under applicable rules.
