Al Jazeera English August 30, 2026 • 13:28

Banque Misr, Egypt’s second-largest, hit by US sanctions: What to know - Al Jazeera

By Priyanka Shankar

Banque Misr, Egypt’s second-largest, hit by US sanctions: What to know - Al Jazeera

Move comes as Washington steps up its efforts to economically pressure Iran amid deadlock in truce talks.

The United States has said it will cut off the UAE operations of Banque Misr from the US financial system after accusing Egypts second-biggest bank of doing business with the Iranian government.
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