The United Arab Emirates and Egyptian central banks are coordinating over Banque Misr after the US Treasury proposed cutting off the Egyptian bank’s UAE branches from dollar transactions over alleged financial links to Iran.

The US Treasury restricted an Egyptian bank under Operation Economic Outcast, expanding Iran secondary sanctions to cover digital assets, gold,

WASHINGTON: The Treasury Department is due to cut off a major Egyptian bank’s operations in the United Arab Emirates from the US financial system, an official confirmed Friday, as…