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المصري اليوم
U.S. Treasury Announces Egypt Bank Dubai Closure
The article discusses the decision by the U.S. Department of the Treasury to shut down the Bank of Egypt's branch in Dubai and to impose sanctions against it due to its dealings with the Iranian regime. Sources confirmed that these sanctions only affect the branch’s dollar transactions within the UAE and do not extend to the Egyptian banking sector or Bank of Egypt branches within Egypt. Officials pointed out that the Egyptian banking sector remains strong and sound, and that the measures target specific transactions only. Emphasis was also placed on the coordination between the Central Bank of Egypt and the Central Bank of the UAE regarding this matter.
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