The U.S. Treasury Department is due to cut off a major Egyptian bank's operations in the United Arab Emirates from the U.S. financial system, an official said Friday, as Washington pushes to choke Iran off economically. The move impacts UAE branches of Egypt's second-largest bank, Banque Misr, bloc»»»

World World The move is part of Washington’s wider effort to pressure Iran by cutting it off from the global financial system. A flock of pigeons flies past the high-rise commercial building (L) serving as the modern headquarters of Banque Misr (Bank of Egypt), in Cairo on Feb 9, 2023. (Photo: AFP/»»»