GeopoliticsMedium•13 November 2026•
1 min read
Banque Misr Sells UAE Units to NBE Amid US Sanctions Threat
Key Facts
1Banque Misr agreed to sell its UAE operations to the National Bank of Egypt (NBE) to avoid the impact of threatened U.S. sanctions.
2The U.S. Treasury stated Banque Misr UAE processed $1.8 billion for 103 companies linked to the Iranian regime between January and June 2024.
Banque Misr agreed to sell its operations in the United Arab Emirates to the National Bank of Egypt (NBE) to avoid the impact of threatened U.S. sanctions. Global Finance Magazine reported that the divestment follows a U.S. Department of the Treasury investigation into the bank's regional activities.
The U.S. Treasury stated that Banque Misr UAE processed $1.8 billion for 103 companies linked to the Iranian regime between January and June 2024. The acquisition by National Bank of Egypt is a strategic move intended to mitigate geopolitical risks and shield the Egyptian banking sector from potential sanctions that could disrupt regional financial ties.