https://www.live-feeds.com/feed/banque-misr-egypt-s-second-largest-bank-hit-by-us-sanctions-what-to-knowContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/banque-misr-egypt-s-second-largest-bank-hit-by-us-sanctions-what-to-knowhttps://www.live-feeds.com/feed/banque-misr-egypt-s-second-largest-bank-hit-by-us-sanctions-what-to-know#u57900Sat, 05 Sep 2026 07:35:58 +0000The US Treasury Department proposed restricting Banque Misr UAE from holding correspondent accounts with American financial institutions over alleged transactions linked to Iran. This action targets the Emirati operations of Egypt's second-largest bank rather than its entire global network. Meanwhile, US Treasury Secretary Scott Bessent stated that the administration will begin sanctioning foreign banks every week as part of a broader crackdown on Iran's economic networks. The penalties serve as a warning to financial institutions regarding hidden ties to Iran.Why it mattersThe Unite https://www.live-feeds.com/feed/banque-misr-egypt-s-second-largest-bank-hit-by-us-sanctions-what-to-knowhttps://www.live-feeds.com/feed/banque-misr-egypt-s-second-largest-bank-hit-by-us-sanctions-what-to-know#u54868Wed, 02 Sep 2026 12:35:05 +0000The US Treasury has imposed sanctions on the UAE branches of Banque Misr, Egypt's second-largest bank, as part of a broader effort to isolate Iran economically. These measures target financial institutions in the UAE that maintain ties to Iran. The move is part of a wider crackdown on Iran's economic networks, with some observers suggesting the strategy also serves as a warning to China. The sanctions specifically hit the Egyptian bank's operations within the Emirates rather than its entire global network.Why it mattersThe US is intensifying its economic pressure on Iran to limi