{
  "id": 4464571,
  "title": "UAE, Egyptian central banks say they are coordinating on Banque Misr",
  "url": "https://urgent.news/2026/08/30/uae-egyptian-central-banks-say-they-are-coordinating-on-banque-misr",
  "topic": "world",
  "section": "World",
  "published": "2026-08-30T17:08:05.000Z",
  "source": {
    "name": "Middle East Eye",
    "slug": "middle-east-eye",
    "url": "https://www.middleeasteye.net/live-blog/live-blog-update/uae-egyptian-central-banks-say-they-are-coordinating-banque-misr"
  },
  "original_language": "en",
  "account": null,
  "summary": "The central banks of the United Arab Emirates and Egypt are coordinating regarding Banque Misr. The US Treasury's Financial Crimes Enforcement Network proposed cutting off Banque Misr's UAE branches from dollar transactions due to its dealings with Iran. According to FinCEN, Banque Misr's UAE operations processed around $1.8 billion for 103 companies associated with Iranian shadow banking networks between January 2024 and June 2026.\n\nThe Central Bank of the UAE has ordered an urgent examination of Banque Misr's branches in the country, including a forensic lookback at transactions involving companies named by US authorities. The regulator is also considering options for the status of Banque Misr's UAE branches if the proposed measure proceeds. Banque Misr stated it would take necessary measures to continue its business as usual.\n\nThe US Treasury's proposed measure would prohibit US financial institutions from opening or maintaining correspondent accounts for Banque Misr UAE, restricting its ability to conduct dollar-linked business through the American banking system. The UAE and Egyptian central banks' coordination aims to address the implications of this proposal on Banque Misr's operations.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Arabian Post",
        "title": "UAE regulator launches Banque Misr transaction examination",
        "url": "https://urgent.news/2026/08/30/uae-regulator-launches-banque-misr-transaction-examination",
        "published": "2026-08-30T04:49:02.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "Banque Misr, Egypt’s second-largest, hit by US sanctions: What to know",
        "url": "https://urgent.news/2026/08/30/banque-misr-egypts-second-largest-hit-by-us-sanctions-what-to-know",
        "published": "2026-08-30T13:23:48.000Z"
      },
      {
        "outlet": "The National UAE",
        "title": "Banque Misr branches in Emirates 'conducting business as usual', UAE and Egypt regulators say",
        "url": "https://urgent.news/2026/08/30/banque-misr-branches-in-emirates-conducting-business-as-usual-uae-and",
        "published": "2026-08-30T16:29:32.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "Banque Misr UAE branches to continue normal operations, central banks say",
        "url": "https://urgent.news/2026/08/30/banque-misr-uae-branches-to-continue-normal-operations-central-banks",
        "published": "2026-08-30T16:36:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}