Dubai: Banque Misr’s branches in the UAE will continue to conduct all their operations normally, the UAE and Egyptian central banks said on Sunday, following a US Treasury decision concerning the lender’s UAE branches.The Central Bank of the UAE and the Central Bank of Egypt affirmed their full and continuous cooperation and coordination regarding the operations of Banque Misr’s branches in the UAE.The two central banks said the branches would continue to carry out all their activities as usual.Banque Misr’s UAE branches will also take all necessary measures and procedures within the period specified for doing so, according to the statement.The announcement followed a decision by the US Treasury concerning a regulatory exemption related to the closure of Banque Misr branches in the UAE.With over 30 years of journalistic experience spanning from Jordan to the UAE, Khitam has spent the past 22 years reporting on national and regional news from Dubai, with a strong focus on the UAE, GCC and broader Arab affairs.
As Chief News Editor, she brings extensive expertise in delivering breaking and engaging news to readers. Beginning her tenure as a translator, she advanced through roles as Senior Translator and Chief Translator before transitioning to editorial positions, culminating in her current leadership role. Her responsibilities encompass monitoring breaking news across the UAE and the broader Arab region, ensuring timely and accurate dissemination to the public.
