Banque Misr, Egypt’s second-largest, hit by US sanctions: What to know

EXPLAINER News | US-Israel war on Iran Banque Misr, Egypt’s second-largest, hit by US sanctions: What to know The move comes as Washington steps up its efforts to economically pressure Iran amid a deadlock in truce talks. Add Al Jazeera on Google The new headquarters of Banque Misr of Egypt, in the New Administrative Capital east of Cairo [File: Mohamed Abd El Ghany/Reuters] By Priyanka Shankar Published On 30 Aug 2026 30 Aug 2026 The United States has said it will cut off the UAE operations of Banque Misr from the US financial system after accusing Egypt’s second-biggest bank of doing business with the Iranian government.