{"id":579911,"date":"2022-11-27T13:29:55","date_gmt":"2022-11-27T13:29:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/"},"modified":"2022-11-27T13:29:55","modified_gmt":"2022-11-27T13:29:55","slug":"this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/","title":{"rendered":"THIS EVENING: More than half of our adult population is now banked + Protests break out in Shanghai over covid zero policies"},"content":{"rendered":"<p><strong>Good afternoon, wonderful people.<\/strong> The very busy week we anticipated this morning has yet to materialize \u2014 but it\u2019s only Sunday.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>The CBE\u2019s financial inclusion drive, in numbers:<\/strong> Egypt\u2019s financial inclusion rate \u2014 the percentage of citizens above the age of 16 with \u201ctransactional\u201d bank accounts \u2014 has grown 131% between 2016 and 2022, according to a Central Bank of Egypt <a href=\"https:\/\/ent.news\/2022\/11\/The-Central-Bank-of-Egypt-launches-the-Financial-Inclusion-Strategy-2022-2025.pdf\">report (pdf)<\/a> published today. There are now nearly 40 mn adults in Egypt who are banked, the report says.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Leading the conversation in the international business press this afternoon: Protests in<\/strong><strong> Shanghai against China\u2019s strict covid-19 rules.<\/strong> Demonstrations broke out in the country\u2019s financial hub overnight after hundreds of people attended vigils for 10 people who died in a high-rise building fire on Thursday. Social media users have suggested that the people were unable to flee from the building in time because it was partially locked down \u2014 a claim authorities have denied. The story is on the front pages of <a href=\"https:\/\/www.reuters.com\/world\/china\/shanghai-hit-by-covid-protests-anger-spreads-across-china-2022-11-27\/\">Reuters<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/chinese-protests-spread-over-governments-covid-restrictions-11669516403?mod=hp_lead_pos7\">Wall Street Journal<\/a>, and the <a href=\"https:\/\/www.ft.com\/content\/d8231c04-5d7f-468e-8547-77587546734e\">Financial Times<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Why GSK\u2019s Mohamed El Dababy thinks exports and FDI are the way forward:<\/strong> After reading our five-step recipe for turning Egypt into a global export hub and FDI magnet, participating CEOs \u2014 including GSK General Manager Mohamed El Dababy \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3fcde18b-95f6-4782-9083-0840d9fda8db\">agreed to answer two questions<\/a> on the record.<\/li>\n<li><strong>Qatar\u2019s sovereign fund wants the port of Safaga:<\/strong> The Qatar Investment Authority (QIA) is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b25dff95-58b6-4c52-ad41-2a0d694c3251\">reportedly in talks<\/a> with the Madbouly government to develop and manage the port of Safaga under a 25-year contract.<\/li>\n<li><strong>Israel\u2019s NewMed plans floating LNG expansion:<\/strong> Israel\u2019s NewMed will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1b4b83fc-cf94-42c2-a2c8-1d12b64eefb5\">likely build<\/a> a floating liquefied natural gas (LNG) terminal to boost energy exports to Europe from its Leviathan gas field in Israel, instead of a pipeline that links Israeli fields to Egypt\u2019s LNG terminals.<\/li>\n<\/ul>\n<p class='web-image' ><a href='https:\/\/climatexforum.enterprise.press\/'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Countdown-Banner-1600-en.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>We\u2019re in the countdown stage for the <\/strong><strong><a href=\"https:\/\/climatexforum.enterprise.press\/index.html#aboutSection\">Enterprise Climate X<\/a><\/strong><strong><a href=\"https:\/\/climatexforum.enterprise.press\/index.html#aboutSection\">Forum<\/a><\/strong><strong> with just nine days to go<\/strong> before we meet with some of you in Cairo at the <strong>Grand Egyptian Museum<\/strong> on Tuesday, 6 December 2022. Invitations are out, and judging by the emails we\u2019ve gotten, it sounds like some of you\u2019re as excited as we are.<\/p>\n<p><strong>*** YOU MUST REGISTER TO ATTEND by clicking the link on your registration email. <\/strong>Attendance is by invitation only and your invite is personalized. You will require a special QR code to gain access to the GEM on event day \u2014 we\u2019ll be sending them out at the end of the week.<\/p>\n<p><strong>Have you not received an invitation?<\/strong> If you\u2019re a C-suite exec, business owner, climate professional, DFI staff, investor, or senior banker, please email us at <a href=\"mailto:climatexrsvp@enterprisemea.com\">climatexrsvp@enterprisemea.com<\/a> to signal your interest, letting us know your name, title, and where you work. You can learn more on our conference website <a href=\"https:\/\/climatexforum.enterprise.press\/index.html#aboutSection\">here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/climatexforum.enterprise.press\/index.html#agenda\">The agenda:<\/a><\/strong> We get underway with a networking breakfast at 8am CLT. Then we jump right in with live interviews and panels made up of CEOs, execs, bankers, and development finance folks, who will mull over a variety of topics, including:<\/p>\n<ul>\n<li>Is there truly a business case for green hydrogen in Egypt?<\/li>\n<li>What policies, regulation and legislation should the government be looking at to drive investment in the green economy?<\/li>\n<li>Practical advice from industry insiders on how to get your climate-focused business started.<\/li>\n<li>How do we finance our green transition?<\/li>\n<li>How startups and VCs are embracing the green economy.<\/li>\n<\/ul>\n<p class='web-image-inner'><img data-recalc-dims=\"1\" style='display: block' src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Inside Industry day \u2014<\/strong> <strong>your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> We look at Green Star, the recently-announced government program laying out guidelines for companies that will favor low-carbon products for government purchases. The program will be offering a number of incentives to businesses compliant with the new environmental standards.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Payment and fintech conference Pafix will be held as part of <\/strong><strong><a href=\"https:\/\/cairoict.com\/\">Cairo ICT 2022<\/a><\/strong><strong> from today<\/strong> until Wednesday at the Egypt International Exhibition Centre in New Cairo.<\/p>\n<p><strong>The US and Russia will hold nuclear talks in Cairo this week: <\/strong>Washington and Moscow will discuss <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d75c978f-3cad-43f3-ac0d-44e5d5ab2b0b\">resuming mutual nuclear inspections<\/a> during week-long talks from Tuesday, 29 November through to 6 December, Russian Deputy Foreign Minister Sergei Ryabkov said, according to <a href=\"https:\/\/edition.cnn.com\/2022\/11\/18\/politics\/new-start-talks-cairo-2022\/index.html\">CNN<\/a>.<\/p>\n<p><strong>PSA- The deadline to apply for the <\/strong><strong><a href=\"https:\/\/www.chicagobooth.edu\/executiveeducation\/programs\/management\/executive-program-el-gouna\">Chicago Booth Executive Program<\/a><\/strong><strong> in El Gouna has<\/strong><strong> been pushed one week to next Sunday, 4 December.<\/strong> The two-week program, which kicks off in March 2023, offers executives from Egyptian public and private sector the skills to help them \u201cbecome a better leader for your organization and support Egypt\u2019s growth in the years ahead.\u201d You can <a href=\"https:\/\/www.linkedin.com\/posts\/newton-education-services_sawiris-chicagobooth-newton-activity-7001484649931681792-3_-m\/\">find more information here<\/a>.<\/p>\n<p>\u2600\ufe0f<strong>TOMORROW\u2019S WEATHER-<\/strong> Expect a partially cloudy day tomorrow with temperatures expected to hit 23\u00b0C during the day before falling to 13\u00b0C at night, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people. The very busy week we anticipated this morning has yet to materialize \u2014 but it\u2019s only Sunday. THE BIG STORY TODAY The CBE\u2019s financial inclusion drive, in numbers: Egypt\u2019s financial inclusion rate \u2014 the percentage of citizens above the age of 16 with \u201ctransactional\u201d bank accounts \u2014 has grown 131% between [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":579912,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[271,116,107,633,290,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-central-bank-of-egypt","tag-china","tag-covid-19","tag-enterprisepm","tag-financial-inclusion","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"d4a4b857-de7c-458a-a93a-88d41dc5f6d5","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2022\/11\/725.jpg","photo_position":"above","related_issue":[579909],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: More than half of our adult population is now banked + Protests break out in Shanghai over covid zero policies - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: More than half of our adult population is now banked + Protests break out in Shanghai over covid zero policies\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people. The very busy week we anticipated this morning has yet to materialize \u2014 but it\u2019s only Sunday. THE BIG STORY TODAY The CBE\u2019s financial inclusion drive, in numbers: Egypt\u2019s financial inclusion rate \u2014 the percentage of citizens above the age of 16 with \u201ctransactional\u201d bank accounts \u2014 has grown 131% between [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-27T13:29:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/725.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: More than half of our adult population is now banked + Protests break out in Shanghai over covid zero policies\",\"datePublished\":\"2022-11-27T13:29:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/\"},\"wordCount\":886,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/725.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Central Bank of Egypt\",\"China\",\"covid-19\",\"EnterprisePM\",\"financial inclusion\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/\",\"name\":\"THIS EVENING: More than half of our adult population is now banked + Protests break out in Shanghai over covid zero policies - 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The very busy week we anticipated this morning has yet to materialize \u2014 but it\u2019s only Sunday. THE BIG STORY TODAY The CBE\u2019s financial inclusion drive, in numbers: Egypt\u2019s financial inclusion rate \u2014 the percentage of citizens above the age of 16 with \u201ctransactional\u201d bank accounts \u2014 has grown 131% between [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/27\/this-evening-more-than-half-of-our-adult-population-is-now-banked-protests-break-out-in-shanghai-over-covid-zero-policies\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-11-27T13:29:55+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/725.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"4 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Egypt\u2019s financial inclusion rate \u2014 the percentage of citizens above the age of 16 who hold a bank account, mobile wallet or pre-paid card \u2014 has grown 131% between 2016 and 2022, according to a Central Bank of Egypt report (pdf) published yesterday.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/446.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":630662,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/egypt-among-countries-which-have-shown-improvement-in-financial-inclusion\/","url_meta":{"origin":579911,"position":1},"title":"Egypt among countries which have shown improvement in financial inclusion","author":"enterpriseam admin","date":"29 April 2018","format":false,"excerpt":"With one in three now banked, Egypt has shown substantial improvement in financial inclusion since 2014, according to the World Bank\u2019s Global Findex Database (pdf), which charts financial inclusion figures. Adults with a bank account in Egypt grew to 33% in 2017 from less than 20% in 2014, according to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":607392,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/02\/this-evening-net-foreign-assets-position-improves-in-august\/","url_meta":{"origin":579911,"position":2},"title":"THIS EVENING: Net foreign assets position improves in August","author":"enterpriseam admin","date":"2 October 2023","format":false,"excerpt":"Good afternoon, wonderful people. We\u2019re finding it hard to believe it\u2019s only Monday, considering the volume of news coming out of Omm El Donia today. THE BIG STORY TODAY Our net foreign liabilities narrowed for the second consecutive month in August, coming in at USD 25.9 bn compared to USD\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/1327.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":618505,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/15\/this-evening-cbe-raises-limits-on-cash-withdrawals-at-bank-branches-atms\/","url_meta":{"origin":579911,"position":3},"title":"THIS EVENING: CBE raises limits on cash withdrawals at bank branches + ATMs","author":"enterpriseam admin","date":"15 April 2024","format":false,"excerpt":"Good afternoon, wonderful people, and welcome back. We hope you all had a restful long Eid El Fitr holiday, and are easing back into the flow of things. THE BIG STORY TODAY CBE raises limits on ATM and over-the-counter withdrawals: The Central Bank of Egypt (CBE) has raised the daily\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/675.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646291,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/cbe-efsa-to-conduct-study-on-financial-inclusion-in-egypt\/","url_meta":{"origin":579911,"position":4},"title":"CBE, EFSA to conduct study on financial inclusion in Egypt","author":"enterpriseam admin","date":"11 June 2017","format":false,"excerpt":"Central bank Governor Tarek Amer signed an agreement to conduct a study on financial inclusion in Egypt with Egyptian Financial Supervisory Authority chairman Sherif Samy, according to a CBE statement. The study will lead to the drafting of a plan for financial inclusion policies that need to be implemented. No\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":607777,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/this-evening-local-banks-get-cbe-instructions-to-bar-fx-transactions-on-egp-debit-cards\/","url_meta":{"origin":579911,"position":5},"title":"THIS EVENING: Local banks get CBE instructions to bar FX transactions on EGP debit cards","author":"enterpriseam admin","date":"9 October 2023","format":false,"excerpt":"Good afternoon, ladies and gents. It\u2019s by far a calmer day today than it was yesterday, although we\u2019re running with many of the same themes. 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