AdvertisementAdvertisementA man enters the main branch of UAE Central Bank in Abu Dhabi, January 29, 2013. (Photo: Reuters/Ben Job)30 Aug 2026 05:26AM (Updated: 30 Aug 2026 05:27AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST CAIRO: Egypt's Banque Misr said on Saturday (Aug 29) it was reviewing a US Treasury notice to cut off its UAE branches from dollar transactions over their dealings with Iran, while the UAE central bank said it had launched an urgent examination of the branches following the US action.The US imposition of Iran-related sanctions on the Egyptian bank comes as part of Treasury Secretary Scott Bessent's campaign to increase economic pressure to try to break a stalemate six months into Washington's war with Iran.Banque Misr said its branch in the UAE continued to provide banking services to its customers in accordance with the applicable rules and procedures.The UAE central bank said later on Saturday it had decided to conduct a "special and urgent examination" of Banque Misr's branches in the country, including "a forensic/in-depth lookback covering the period referred to in the statement issued by the US authorities"."The Central Bank expects banks licensed in the UAE not to expose the UAE's financial system to reputational risks, to respect the laws and regulations of the countries whose financial institutions are used in conducting transactions, and not to misuse the advanced financial infrastructure of the UAE," it added in a statement.War weighs on Iran's economy as US intensifies sanctionsUS to set limits on Egyptian bank in effort to pressure Iran: officialSource: Reuters/fsSign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST