US cuts off major Egyptian bank from global financial system

US cuts off major Egyptian bank from global financial system Submitted by MEE staff on Fri, 08/28/2026 - 18:55 Sanctions on Banque Misr's branches in the UAE are part of Trump administration's 'Operation Economic Outcast' against Iran The high-rise commercial building, left, serves as the modern headquarters of Banque Misr, in Cairo, Egypt photographed on 9 February 2023 (Amir Makar/AFP) Off The US Treasury on Friday announced plans to cut off Banque Misr's branches in the United Arab Emirates from the global finan