https://www.live-feeds.com/feed/us-treasury-imposes-limits-on-egyptian-bank-for-doing-business-with-iranContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-treasury-imposes-limits-on-egyptian-bank-for-doing-business-with-iranhttps://www.live-feeds.com/feed/us-treasury-imposes-limits-on-egyptian-bank-for-doing-business-with-iran#u56590Fri, 04 Sep 2026 07:10:14 +0000Egyptian and Emirati central banks are coordinating a joint response after the United States Treasury moved to cut the United Arab Emirates branches of Banque Misr from the American financial system. The Financial Crimes Enforcement Network proposed restricting the lender from holding correspondent accounts with United States financial institutions due to alleged transactions involving Iran. Authorities state the bank will take necessary steps to maintain normal business operations. Meanwhile, Treasury Secretary Scott Bessent stated that the administration plans to sanction an additional bank https://www.live-feeds.com/feed/us-treasury-imposes-limits-on-egyptian-bank-for-doing-business-with-iranhttps://www.live-feeds.com/feed/us-treasury-imposes-limits-on-egyptian-bank-for-doing-business-with-iran#u52797Mon, 31 Aug 2026 06:40:50 +0000The UAE Central Bank is conducting an urgent review of five Banque Misr branches after the US Treasury's Financial Crimes Enforcement Network (FinCEN) flagged $1.8 billion in alleged transactions linked to Iran. Central banks from the UAE and Egypt are coordinating a response, stating in a joint announcement that Banque Misr will take necessary steps to maintain normal business operations. Treasury Secretary Scott Bessent told the AP that the administration intends to sanction another bank this week to further restrict Iranian financial activity.Why it mattersThis action follows a broader https://www.live-feeds.com/feed/us-treasury-imposes-limits-on-egyptian-bank-for-doing-business-with-iranhttps://www.live-feeds.com/feed/us-treasury-imposes-limits-on-egyptian-bank-for-doing-business-with-iran#u51555Sat, 29 Aug 2026 09:10:14 +0000The US Treasury has imposed limits on an Egyptian bank's operations in the United Arab Emirates due to the institution's business dealings with Iran. This action is part of a broader effort to isolate Iran economically and includes the expansion of secondary sanctions to encompass gold and digital assets. The move comes as the Trump administration increases pressure on financial institutions in the UAE that maintain ties to Iran, specifically targeting the bank's UAE-based branches.Why it mattersThese sanctions coincide with the six-month mark of an ongoing war. The US is utiliz