{
  "id": 9350097,
  "title": "UAE bans Iran's Bank Melli from operating in the country",
  "url": "https://urgent.news/2026/09/23/uae-bans-irans-bank-melli-from-operating-in-the-country",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-23T14:18:33.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440871/uae-bans-irans-bank-melli-from-operating-in-the-country"
  },
  "original_language": "en",
  "account": "The United Arab Emirates' central bank has banned Iran's Bank Melli from operating within the UAE, citing violations of regulatory requirements. This decision came after the UAE suspended all trade, commercial exchanges, and financial transactions with Iran in August, pending a further notice. Iran has been attacking neighboring countries aligned with the US, including the UAE, since the commencement of the US war on Iran at the end of February. Bank Melli has been operating in the UAE since 1969, with seven branches spread across various emirates, its primary office situated in Dubai. The UAE has traditionally been one of Iran's most crucial economic lifelines, and Dubai's banks have typically maintained significant Iranian-linked deposits, many of which are frozen under US sanctions. It remains uncertain whether the central bank's decision signifies an expansion of restrictions resulting from US Treasury sanctions imposed on Bank Melli. The US Treasury has not yet commented on the matter.",
  "summary": "The United Arab Emirates’ central bank on Wednesday barred Iran’s Bank Melli from operating in the UAE, citing breaches of regulatory requirements. The move follows the UAE’s decision in August to suspend all trade, commercial exchanges and financial transactions with Iran until further notice. Iran has attacked neighbouring countries allied to the US, including the UAE, since the start of the US…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "UAE bans Iran's Bank Melli from operating in the country",
        "url": "https://urgent.news/2026/09/23/uae-bans-irans-bank-melli-from-operating-in-the-country-9350098",
        "published": "2026-09-23T14:17:36.000Z"
      }
    ]
  },
  "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."
}