FinCEN targets Banque Misr’s UAE branches over $1.8 billion in alleged Iran-linked transactions as UAE and Egyptian central banks coordinate …
UAE, Egypt central banks say Banque Misr’s branches conducting ‘business as usual’
The statement comes as a follow-up to the proposal issued by the US Treasury regarding a regulatory rule providing for the imposition of a special measure …
Dubai Finance develops 2027–2029 Strategic Plan
Dubai Finance (DOF) has announced the use of artificial intelligence (AI) and digital twin technologies in developing its 2027–2029 Strategic Plan, as part of efforts to advance strategic planning, …
UAE to inspect Egyptian bank’s branches after US sanctions
The UAE central bank said Saturday it would inspect Banque Misr’s branches after the US hit it with sanctions for allegedly dealing with Iran …
Egypt’s Banque Misr reviews US Iran sanctions notice, UAE central bank launches urgent examination
CAIRO: Egypt’s Banque Misr said on Saturday (Aug 29) it was reviewing a US Treasury notice to cut off its UAE branches from dollar transactions over their dealings with Iran, while the UAE central ban …
United Arab Emirates (UAE) Embedded Finance Market, 2024-2029 – $9.2 Billion e-Commerce Surge by 2026 Fuels Demand for Embedded Finance Solutions such as BNPL and Integrated …
Dublin, May 23, 2024 (GLOBE NEWSWIRE) — The “United Arab Emirates Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth …
Central Bank of the UAE orders urgent review of Banque Misr branches after US Treasury proposal
The UAE Central Bank launched an urgent review of Banque Misr’s five branches after FinCEN flagged $1.8B in alleged Iran-linked transactions.
Bessent moves to sanction bank in UAE for Iran ties
Treasury Secretary Scott Bessent announced Friday that he is working to cut off bank branches in the UAE from the U.S. financial system.
UAE-based private jet firm explores $1 billion IPO
The UAE-based private aviation company was founded by Thomas Flohr in 2004. A private aviation firm stationed in the UAE is weighing up the possibility of launching an IPO in Europe. Bloomberg has …
iD Fresh to open second UAE factory in Sharjah as it eyes $1 billion India IPO next year
No preservatives, no shortcuts: Inside iD Fresh’s clean-label playbook as it scales Add as a preferred source on Google Ajman: iD Fresh Food, best known for ready-to-cook South Indian staples such as …
Middle East IPOs to bounce back in 2026 after slump
UAE is set for up to 12 listings in the first half of year, raising billions of dollars, analysts say …
Bessent targets banks in UAE over Iran ties
The Trump administration is moving to cut off bank branches located in the United Arab Emirates from the U.S. financial system, the first public action under Treasury Secretary Scott Bessent ’s new …
US targets Egyptian bank’s UAE branches under new push for Iran’s economic isolation
The Trump administration is taking steps to limit an Egyptian bank’s operations in the United Arab Emirates, accusing the financial institution of serving as an economic lifeline to Tehran’s …
Who qualifies for the UAE’s extended 0% corporate tax rate?
Small Business Relief is not a separate statutory 0% corporate tax rate. Article 21 of the Corporate Tax Law lets an eligible Resident Person elect to be treated as having derived no taxable income …
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.
Treasury Secretary Scott Bessent moves to sanction bank in UAE for Iran ties
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.