Treasury Secretary Scott Bessent announced Friday that he is working to cut off bank branches in the UAE from the U.S. financial system.
US sanctions Bank Melli official, targets UAE bank over Iran ties
Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime,” Scott Bessent, U.S. treasury secretary, said.
Trump Admin Sends a Warning to Allies Funding Iran As the US Severs UAE Bank From the Dollar
Today, under Operation Economic Outcast, @FinCENnews proposed a rule that would revoke Banque Misr UAE’s correspondent banking access to U.S. financial institutions. Additionally, Treasury’s Office of …
First Arab Bank Targeted in ‘Economic Pariah’ Campaign: US Treasury Moves to Cut ‘Bank Misr’ UAE Branches Off from Dollar Over Iran Dealings
The US Treasury announced steps to cut off ‘Bank Misr’ UAE branches from the dollar over Iran dealings, marking the first Arab bank targeted in the ‘Economic Pariah’ campaign.
US targets Egypt’s Banque Misr in UAE over Iran support, moves to cut bank off from US system
The United States has moved to cut the UAE branches of Egyptian bank Banque Misr off from the US financial system, accusing the bank of …
US Treasury slaps restriction on Egyptian bank in UAE over Iran trade
The US has fired a significant warning shot at banks in the United Arab Emirates transacting with Iran by imposing restraints on the UAE operations of Egypt’s Banque Misr, even …
US moves to cut Banque Misr’s UAE arm off from dollar system over alleged Iran links
US authorities say Banque Misr UAE processed about $1.8 billion for companies potentially tied to Iranian shadow-banking networks. The proposed restrictions aren’t yet in force.
US Treasury targets Banque Misr’s UAE operations in fresh move to cut Iran’s financial lifelines
The US Treasury has proposed restricting Banque Misr UAE’s access to the US financial system, accusing the bank of processing about $1.8 billion in transactions involving companies potentially linked …
Dubai real estate transactions hit AED 12 billion in a week
Dubai real estate transactions hit AED 12B in a week with 3,657 deals, led by Burj Khalifa and strong off-plan and ready property sales …
UAE Royal Family Invests in Trump-Linked World Liberty Trust Company Amid OCC Approval
UAE royal Sheikh Tahnoon holds 49% of World Liberty Financial’s trust bank holding company, which received conditional OCC approval for USD1 stablecoin operations.
Abu Dhabi Islamic Bank, Marriott Bonvoy, and Visa launch co-branded cards offering elite travel and lifestyle benefits
The launch of the Marriott Bonvoy ADIB Co-branded Cards combines ADIB’s expertise in Sharia-compliant banking with Marriott Bonvoy’s global reach …
Dubai Finance, Digital Dubai enable Jaywan on DubaiPay
DUBAI, 26th August, 2026 (WAM) — Dubai Finance (DOF) and Digital Dubai (DDA) have announced the activation of Jaywan, the UAE’s national payment network, on the DubaiPay platform, expanding payment …
UAE remains major remittance market as outward transfers jump 28% to Dh188.8 billion
The Central Bank’s data shows outward remittances remained significantly higher than inward flows, reflecting the UAE’s continued role as one of the region’s major remittance markets. Money sent …
UAE banks tighten access controls for apps and online shopping, with new security measures
UAE banks introduce stronger app and online shopping security with biometric OTP, instant login alerts, in-app PIN approval and two-factor authentication to combat fraud, phishing and SIM swapping …
UAE banks roll out easier financing options for off-plan homebuyers
UAE homebuyers are getting more options to finance off-plan properties during the construction phase, with banks expanding products that allow buyers to secure financing and make payments in line with …
CBUAE to host UAE banks’ reception on sidelines of IMF-WBG in Bangkok
Reflecting its key role in strengthening the UAE’s leading position within the international financial system, the Central Bank of the United Arab …
CBUAE to host UAE banks’ reception on sidelines of 2026 Annual Meetings of IMF-WBG in Bangkok
Reflecting its key role in strengthening the UAE’s leading position within the international financial system, the Central Bank of the United Arab Emirates (CBUAE), in collaboration with the Ministry …