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CNN Arabic
Egypt and UAE Central Banks on Banque Misr
The article focused on the responses of the central banks in Egypt and the UAE to the American sanctions imposed on the Egypt Bank branch in the UAE, due to its alleged connections with Iran. Both banks confirmed that their branches would continue to operate normally and reaffirmed their commitment to joint coordination. Meanwhile, the United States imposed punitive measures, including depriving the bank of access to American banking correspondence services, in an effort to economically pressure Iran. The article also explained that these measures are part of U.S. efforts to sever any direct financial ties with Iran and to exert economic pressure on it.
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