War in Iran: the USA will impose restrictions on an Egyptian bank
Author: AfricaNewsPublished on: August 29, 2026Country: United States
PoliticsBusiness & Economy

The United States is imposing restrictions on Banque Misr, Egypt's second-largest bank, by blocking its UAE branches from accessing American financial institutions. This measure aims to exert economic pressure on Iran as part of a broader campaign to isolate it economically. The Egyptian central bank stated that it is in contact with American authorities regarding these new measures.
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