Event Brief
US to cut off Banque Misr UAE branches over Iran ties
By The BriefBrief · Sources (11)
Filed: Aug 29, 2026 at 11:06 AM ET
Summary: The US Treasury Department is due to cut off Banque Misr’s operations in the United Arab Emirates from the US financial system, an official said. The move is part of Washington’s effort to choke Iran off economically.
WHO: US Treasury Department (official)
WHAT: US Treasury Department plans to cut off Banque Misr’s UAE operations from the US financial system due to Iran ties.
WHEN: Aug 29, 2026
WHERE: United Arab Emirates
WHY: Washington is pushing to choke Iran off economically.
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