Joint Statement Between the Central Bank of the UAE and the Central Bank of Egypt

The Central Bank of the United Arab Emirates and the Central Bank of Egypt affirmed the full and permanent cooperation and coordination between them regarding the branches of Banque Misr in the United Arab Emirates carrying out all of their business normally.

This came within the framework of following up on the proposal issued by the U.S. Department of the Treasury concerning a regulatory rule providing for the imposition of a special measure relating to the branches of Banque Misr in the United Arab Emirates.

The two banks explained, in a joint statement, that the branches of Banque Misr in the United Arab Emirates will take all the necessary procedures and measures during the period specified for that.

Source: Emirates News Agency – WAM