Banque Misr, Egypt’s second-largest, hit by US sanctions: What to know
- The United States has said it will cut off the UAE operations of Banque Misr from the US financial system after accusing Egypt’s second-biggest bank of doing business with the Iranian government.
- “ Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime,” US Secretary of the Treasury Scott Bessent said in a statement on Friday.
- Recommended Stories list of 3 itemslist 1 of 3The home front: How Israel, Iran, and US leaders have been hit by the warlist 2 of 3Israel says Netanyahu’s son ‘urgently evacuated’ from the US after threatlist 3 of
Unverified
- The United States has said it will cut off the UAE operations of Banque Misr from the US financial system after accusing Egypt’s second-biggest bank of doing business with the Iranian government.
- “ Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime,” US Secretary of the Treasury Scott Bessent said in a statement on Friday.
- Recommended Stories list of 3 itemslist 1 of 3The home front: How Israel, Iran, and US leaders have been hit by the warlist 2 of 3Israel says Netanyahu’s son ‘urgently evacuated’ from the US after threatlist 3 of
Sources: Al Jazeera