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U.A.E. To Review Banque Misr, Targeted by Iran Sanctions

The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.

© Amr Abdallah Dalsh/Reuters

A branch of Banque Misr in Cairo in 2024. The U.S. Treasury Department said last week that the bank was helping Iran evade sanctions.
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