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Israel Online · Aug 30, 2026

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U.S. Moves to Cut UAE Branches of Egypt’s Banque Misr From Dollar System Over Iran Ties The U.S. Treasury says six UAE branches of Egypt’s Banque Misr processed approximately $1.8 billion for 103 companies potentially connected to Iranian shadow-banking networks between January 2024 and June 2026. FinCEN has proposed cutting those branches off from correspondent banking with U.S. financial institutions, describing them as a critical channel for Tehran’s access to U.S. dollars. The proposed restrictions apply only to Banque Misr’s UAE operations, not its branches in Egypt or elsewhere. Israel onlines WhatsApp channel Join Israel online

*U.S. Moves to Cut UAE Branches of Egypt’s Banque Misr From Dollar System Over Iran Ties* The U.S. Treasury says six UAE branches of Egypt’s Banque Misr processed approximately $1.8 billion for 103 companies potentially connected to Iranian shadow-banking networks between January 2024 and June 2026. FinCEN has proposed cutting those branches off from correspondent banking with U.S. financial institutions, describing them as a critical channel for Tehran’s access to U.S. dollars. The proposed restrictions apply only to Banque Misr’s UAE operations, not its branches in Egypt or elsewhere. Israel onlines WhatsApp channel https://whatsapp.com/channel/0029Va6fsor6hENqpe0uKL3W *Join Israel online* https://chat.whatsapp.com/FPTwOH0TWib8qthgLOhIgu

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