US Treasury imposes limits on Egyptian bank over Iran business
UKPulse News Desk
The US Treasury has imposed limits on an Egyptian bank due to its business dealings with Iran. The measures specifically target the UAE branches of Banque Misr.
- The US Treasury has imposed limits on Banque Misr.
- The measures are linked to the bank's business with Iran.
- UAE branches of Banque Misr are specifically targeted.
The US Treasury has imposed limits on Banque Misr, an Egyptian bank, due to its business activities with Iran. The measures are specifically aimed at the bank's branches located in the United Arab Emirates.
These actions are reportedly part of the Trump administration’s broader efforts to isolate Tehran.