UAE Orders Inspection of Egyptian Bank Branches After US Sanctions Hit
🏦 GULF FINANCE — Egypt's state bank is where US sanctions landed this week. 📌 LOOK CLOSER: Banque Misr is Egypt's oldest state bank — not an Iranian entity. UAE inspecting its branches signals sanctions are catching Gulf-adjacent networks used for dollar substitution. If UAE regulators enforce, it closes an Egyptian corridor Tehran relies on. Cairo now faces a quiet ultimatum: distance from Iran's financial rails or absorb the cost.
