Egypt's Banque Misr reviewing US Iran sanctions notice

Egypt's Banque Misr reviewing US Iran sanctions notice Egypt's Banque Misr said it is reviewing a US Treasury notice related to restricting US dollar correspondent banking services provided by American financial institutions to Banque Misr's branch in the United Arab Emirates, according to a statement on Saturday. The bank said its branch in the UAE continues to provide banking services to its customers in accordance with the applicable rules and procedures. The US Treasury said on Friday it had moved to cut off Banque Misr's branches in the UAE from dollar transactions for its dealings with Iran.