Central banks in Egypt, UAE join forces as US moves to cut Banque Misr from dollar system due to Iran links — Live Feedhttps://www.live-feeds.com/feed/central-banks-in-egypt-uae-join-forces-as-us-moves-to-cut-banque-misr-from-dollar-system-due-to-iran-linksContinuously updated, source-cited coverage. Egypt and UAE central banks coordinate as US sanctions Banque Misrhttps://www.live-feeds.com/feed/central-banks-in-egypt-uae-join-forces-as-us-moves-to-cut-banque-misr-from-dollar-system-due-to-iran-linkshttps://www.live-feeds.com/feed/central-banks-in-egypt-uae-join-forces-as-us-moves-to-cut-banque-misr-from-dollar-system-due-to-iran-links#u53612Tue, 01 Sep 2026 06:40:55 +0000Central banks in Egypt and the UAE are coordinating a response after the US Treasury targeted Banque Misr over links to Iran. The US is moving to remove Egypt's second-largest bank from the dollar system, specifically targeting its branches in the UAE. This action is part of a broader US effort to increase Iran's economic isolation. While the UAE has announced a review of the bank, the two central banks are working together to manage the fallout from the US Treasury notice.Why it mattersBanque Misr is the second-largest financial institution in Egypt. US sanctions on banks with Irani