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BloombergEmirates NBD has announced plans to issue an AT1 bond. This marks the first offering of such risky bank debt from a Middle Eastern lender since the Iran war began. The bank is actively looking to sell the bond.
The United States has blocked a $500 million shipment of banknotes to Iraq as part of efforts to address funds allegedly flowing to Iran through Iraqi networks. This action targets mechanisms that reportedly allow Iran to bypass sanctions via front companies and fake transactions…