Egypt and UAE Central Banks Say Banque Misr UAE Branches Operating Normally

The Central Bank of Egypt and the Central Bank of the UAE issued a joint statement saying Banque Misr's branches in the Emirates are continuing operations as usual. Banque Misr also issued a second statement about its UAE branches. The statements followed reports that Banque Misr was reviewing a US notice on Iran sanctions and that the UAE had launched an urgent examination. The two regulators said business at the branches remains normal.