CNBC World

Treasury moves to sanction UAE branch of Egyptian bank over Iran ties

Banque Misr UAE processed about $1.8 billion over two years for some 100 companies that are potentially part of Iran's shadow banking network, Treasury said.

This is a short WorldPing brief. The full report was published by CNBC World.

Read the full report at CNBC World

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War weighs on Iran's economy as U.S. intensifies sanctions

Washington has warned countries to ‌cut their business ties with Iran or face secondary sanctions, though the Treasury Department stopped short of imposing ‌penalties ⁠against major Iranian trade partners such as China and India,…

Brief by WorldPing · Original reporting by The Hindu