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US Proposes Sanctions on Banque Misr's UAE Arm, Threatening Egypt-Gulf Finance Flows
US authorities have proposed sanctions targeting Banque Misr's UAE subsidiary, a move that could disrupt Egypt-Gulf financial flows and carries ripple-effect risk for African banking institutions with correspondent relationships in the region. The proposal has not yet been formally enacted.
1 source
- Egypte: Banque Misr UAE visée par une proposition de sanctions américaines · financialafrik.com · T2