Abu Dhabi’s newest sovereign wealth fund, L’IMAD Holding, is taking control of its peer ADQ, the government media office announced Friday, claiming a major consolidation that would create a new investment powerhouse in the emirate under the crown prince.

After a travel ban that had been in place since 2021, the UAE’s decision to allow its citizens to visit Lebanon signals a possible return of Emirati investment to a country whose political landscape is starting to shift.

Within just five days, Germany and then Saudi Arabia requested Abdel Fattah al-Sisi’s regime to sign an agreement to protect and guarantee their investments in Egypt, raising questions about the reasons behind this move.

Senegal has begun sending clear signals of its intent to assert sovereignty over its economic decisions, address past imbalances, and tackle the remnants of colonialism, particularly in the oil and gas sector.

On Friday, August 2, 2024, the New York Stock Exchange on Wall Street experienced a dramatic sell-off, causing U.S. stocks to plummet in one of the largest market crashes ever.