UAE, Egypt Central Banks Coordinate Over US Action Against Banque Misr

By Mintesinot Nigussie  |  August 31, 2026

The central banks of the UAE and Egypt said they are maintaining full and continuous coordination over US regulatory action concerning the UAE branches of Banque Misr.

In a joint statement, the two central banks said the branches are continuing to conduct their business as usual following a proposal by the US Department of the Treasury to impose a special measure on the bank’s UAE branches.

The central banks did not disclose details of the measures being taken, but said Banque Misr’s UAE branches would take all necessary actions within the period specified under the US proposal.

The statement comes after the US Treasury proposed a regulatory measure targeting the UAE branches of Banque Misr. The action has prompted regulatory scrutiny of the Egyptian bank’s operations in the UAE.

The joint statement signals continued coordination between the UAE and Egyptian banking authorities as the two sides respond to the proposed US measure.

Banque Misr, Egypt’s second-largest bank, operates branches in the UAE as part of its international network.

Source: FSX Business News