UAE and Egypt Central Banks Confirm Bank Misr Operations
The UAE Central Bank and the Central Bank of Egypt confirmed that the branches of Banque Misr in the United Arab Emirates will continue to operate normally, despite the proposal issued by the U.S. Treasury Department regarding a specific regulation for the bank's branches in the UAE. The joint statement clarified that Banque Misr's branches will take the necessary measures within the specified timeframe to ensure the continuity of their operations, in compliance with relevant laws.
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