Business & Economy · 2 views
U.A.E. To Review Banque Misr, Targeted by Iran Sanctions
The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.
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The U.S. Treasury Department has accused the United Arab Emirates branches of Egypt’s Banque Misr of assisting Iran. In response, the central bank of the UAE has pledged to conduct an examination of the bank’s operations.
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