The stock market dropped significantly on Aug. 5, 2024, following a period of high volatility. Concerning economic indicators from the United States (U.S.) and an unexpected interest rate hike by the Bank of Japan were major factors in this collapse. Major world indexes experienced a severe drop, but they recovered within 24 hours. Even with this rapid recovery, the incident may be a hint that the world economy is about to slow down.

In a move with significant political and economic implications, Egyptian President Abdel Fattah El-Sisi embarked on an official visit to Ankara Sept. 4, 2024. This highly anticipated visit comes months after Turkish President Recep Tayyip Erdogan's visit to Egypt earlier this year and his invitation to President El-Sisi to Ankara. The current visit, considered a turning point in Egyptian-Turkish relations, aims to strengthen bilateral cooperation and open new avenues for coordination on regional and international issues. After a decade of tension and estrangement in the relations between Egypt and Turkey.   The Egyptian President's visit to Turkey is of special importance, as it is the culmination of a long phase of discussions aimed at restoring relations between Egypt and Turkey to their normal course. The rounds of talks and meetings concluded with Erdogan's visit to Cairo last February, which witnessed the announcement of the revival of the High-Level Strategic Cooperation Council for relations between the two countries in its new form, where both leaders co-chair the first meeting of the Council. The meeting also involved a comprehensive review of the Egyptian-Turkish bilateral relations and discussions on potential steps to further enhance the Egyptian-Turkish cooperation.   This analysis highlights the motivations of this visit and its implications on regional and Turkish politics.

Since the eruption of the Syrian Civil War in 2011, several countries have cut diplomatic relations with Syria turning Damascus into a pariah state. 13 years later, the shifting regional geopolitical landscape appears to be ushering in a new reality. Today, both regional and global powers are moving toward rapprochement with Syrian President Bashar Al-Assad’s regime. In a significant U-turn, Turkish President Recep Tayyip Erdogan, once a staunch opponent of Al-Assad, is now seeking normalization with Syria. While, Turkey is not alone in this effort, Syria's potential reintegration could have far-reaching implications.

On August 14, the World Health Organisation (WHO) officially classified the rising cases of MPOX in the Democratic Republic of Congo (DRC) and neighbouring countries as a Public Health Emergency of International Concern (PHEIC). This decision highlights the serious threat posed by the current MPOX outbreak, with fears that the virus could potentially escalate into a global health crisis.   This marks the second time that MPOX has been designated as a PHEIC by the WHO, following the 2022 outbreak, which was the first time the virus had spread widely outside of its endemic regions in Central and West Africa. The occurrence of two significant outbreaks within just four years has raised concerns globally, especially in the aftermath of the COVID-19 pandemic. As a result, many are now wary of the potential for an MPOX outbreak to become a new pandemic.

A strategic mineral agreement between the European Union (EU) and Rwanda has sparked controversy. This deal is aimed at securing a supply of essential minerals required for the production of clean technologies, such as solar panels and electric vehicles, by importing these resources from Rwanda to the EU. Months later, the EU signed another agreement with Serbia to import lithium, focusing on sustainable raw materials, battery value chains, and electric vehicles. These agreements are part of the EU's broader raw materials diplomacy, aimed at ensuring the supply of critical raw materials. To date, the EU has formed partnerships with 14 countries to support its transition from fossil fuels to renewable energy and clean technology. While the text-book definition of diplomacy is traditionally understood as a tool for preventing conflict, the EU's approach to raw materials “diplomacy” would create more issues than it should resolve.