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Treasury moves to sanction UAE branch of Egyptian bank over Iran ties

CNBC · August 28, 2026 at 11:48 AM

Treasury moves to sanction UAE branch of Egyptian bank over Iran ties

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.

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Treasury moves to sanction UAE branch of Egyptian bank over Iran ties

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