{"id":86818,"date":"2023-11-22T00:00:00","date_gmt":"2023-11-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/sugar-rush\/"},"modified":"2023-11-22T00:00:00","modified_gmt":"2023-11-22T00:00:00","slug":"sugar-rush","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/","title":{"rendered":"Sugar rush?"},"content":{"rendered":"

COMMODITIES- <\/strong><\/p>\n

Sugar prices to slide as India approves export resumption:<\/strong> We\u2019re expecting to see a fall in sugar prices in the UAE as India (the world\u2019s second largest sugar exporter), is set to resume trade under a new agreement with the Indian National Cooperative for Exports, Khaleej Times<\/a> reports. With the return of Indian sugar, pressure on Brazilian imports will likely ease up. <\/p>\n

The end of the sugar rush?<\/strong> Sugar prices have been at an all-time high,rising 8% in the UAE over the past few months amid a 55%<\/a> surge in prices globally. The soaring prices come on the back of a global supply shortage due to damaged crops in India and Thailand. <\/p>\n

Refresher: <\/strong>India suspended its global sugar exports in October<\/a> in a bid to control domestic prices, with the exception of the EU and US.<\/p>\n

CAPITAL MARKETS- <\/strong><\/p>\n

DFM + Nasdaq Dubai + Shanghai Stock Exchange agree on knowledge exchange: <\/strong>The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) inked an MoU to streamline knowledge exchange and focus on developing products such as indices, ETFs, and ESG, according to a DFM<\/a> filing on Monday. DFM and Shanghai Stock Exchange are hoping to expand their services and their outreach, the filing said. <\/p>\n

TRADE-<\/strong><\/p>\n

DP World Trade Finance + UAE Trade Connect (UTC) partner up to boost trade <\/strong>finance and combat fraud in the UAE<\/strong>, Gulf News<\/a> reports. DP World Trade Finance<\/a>, a fintech platform owned by DP World, will leverage UTC<\/a> \u2019s platform to reduce lending-related risk by identifying suspicious invoices. <\/p>\n

About UTC + DP World Trade Finance: <\/strong>DP World Trade Finance establishes a direct link between businesses and financial institutions. It is a non-bank financial institution with direct lending capabilities and embedded fintech value proposition, enabling it to join UTC. <\/p>\n

WASTE MANAGEMENT-<\/strong><\/p>\n

Emirates Global Aluminum (EGA) has begun construction on what will be the UAE\u2019s <\/strong>largest aluminum recycling plant<\/strong> near EGA\u2019s existing smelter in Al Taweelah, according to a statement<\/a>. Construction is expected to be completed within three years, with the facility set to process pre and post-consumer aluminum scrap into high-quality premium aluminum billets. <\/p>\n

Exporting recyclables:<\/strong> With an annual production capacity of 170,000 tons, EGA aims to supply the low-carbon metals to local and global markets based on a forecast that global demand for recycled aluminum will grow to 57 mn tons in 2024 from 27 mn tons in 2022.<\/p>\n

RENEWABLES-<\/strong><\/p>\n

Solar panels with 9.96 MW of power production capacity are being installed at Dubai <\/strong>Metro Depots at Jebel Ali, Al Qusais and the <\/strong>Al Safouh Tram Depot<\/strong>, according to a statement by the Road and Transport Authority<\/a> (RTA). The installation is expected to cut the RTA\u2019s annual CO2 footprint by 3,962 tons, with the panels set to begin producing energy by 1Q 2024. <\/p>\n

REAL ESTATE-<\/strong><\/p>\n

Dubai golf compound land plot sold for AED 300 mn: <\/strong>UAE-based real estate developers AveNew, Pride and Property, and Landsmith Real Estate closed the sale of a land plot in Dubai\u2019s Jumeirah Golf Estates for over AED 300 mn (USD 81 mn), Gulf News<\/a> reported. <\/p>\n

Reflecting investors\u2019 taste for Dubai\u2019s luxury properties: <\/strong>The sale is a testament to the growing demand for Dubai\u2019s luxury real estate market. The price of luxury residential properties surged 44% in 2022 alone, according to a report<\/a> by real estate consultant Knight Frank<\/a>. <\/p>\n

Missoni to set up residential project in RAK:<\/strong> Italian luxury brand Missoni is set to launch a luxury residential project on Al Marjan Island in Ras Al Khaimah, Zawya<\/a> reports. The project will be developed by Dubai-based real estate developer Durar<\/a>, in partnership with Fortune 5<\/a> Developments. The project is expected to be completed by 4Q 2026. <\/p>\n

STARTUPS-<\/strong><\/p>\n

UAE-based Wamda Capital participated in Turkey-based mental health startup Salus\u2019 USD 4.7 mn seed round<\/strong>, according to a press release<\/a>. The round, which was led by Northzone with participation from 500 Emerging Europe, Pitchdrive, the CVC arm of I\u015f Bank, and angel investors. The fresh funding will be used to broaden Salus\u2019 clinical network, enhance user experience, and grow its B2B business. <\/p>\n","protected":false},"excerpt":{"rendered":"

COMMODITIES- Sugar prices to slide as India approves export resumption: We\u2019re expecting to see a fall in sugar prices in the UAE as India (the world\u2019s second largest sugar exporter), is set to resume trade under a new agreement with the Indian National Cooperative for Exports, Khaleej Times reports. With the return of Indian sugar, […]<\/p>\n","protected":false},"author":1,"featured_media":86819,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[1552],"tags":[47,241,130,244,245,7,242,98,243],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-commodities","tag-dfm","tag-dp-world","tag-emirates-global-aluminum","tag-enterpriseam-uae","tag-nasdaq-dubai","tag-real-estate","tag-shanghai-stock-exchange","wpautop","entry"],"acf":{"mongo_id":"4bddd848-db81-44c4-b536-c03b78dd7cb2","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/1332.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE sugar prices set to decline + EGA constructs aluminum recycling plant. PLUS: News from DFM + Nasdaq Dubai + Shanghai Exchange, DP World Trade Finance, Jumeirah Golf Estates","related_issue":[86792],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.8f11192d-3623-4ba9-86c7-1adecb740356.mp3"},"yoast_head":"\nSugar rush? - UAE<\/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\/uae\/2023\/11\/22\/sugar-rush\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sugar rush?\" \/>\n<meta property=\"og:description\" content=\"COMMODITIES- Sugar prices to slide as India approves export resumption: We\u2019re expecting to see a fall in sugar prices in the UAE as India (the world\u2019s second largest sugar exporter), is set to resume trade under a new agreement with the Indian National Cooperative for Exports, Khaleej Times reports. With the return of Indian sugar, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sugar rush?\",\"datePublished\":\"2023-11-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/\"},\"wordCount\":658,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"commodities\",\"DFM\",\"DP World\",\"Emirates Global Aluminum\",\"EnterpriseAM UAE\",\"Nasdaq Dubai\",\"Real estate\",\"Shanghai Stock Exchange\"],\"articleSection\":[\"ALSO ON OUR RADAR\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/\",\"name\":\"Sugar rush? - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-11-22T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sugar rush?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sugar rush? - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/","og_locale":"en_US","og_type":"article","og_title":"Sugar rush?","og_description":"COMMODITIES- Sugar prices to slide as India approves export resumption: We\u2019re expecting to see a fall in sugar prices in the UAE as India (the world\u2019s second largest sugar exporter), is set to resume trade under a new agreement with the Indian National Cooperative for Exports, Khaleej Times reports. With the return of Indian sugar, […]","og_url":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/","og_site_name":"UAE","article_published_time":"2023-11-22T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.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":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Sugar rush?","datePublished":"2023-11-22T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/"},"wordCount":658,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","commodities","DFM","DP World","Emirates Global Aluminum","EnterpriseAM UAE","Nasdaq Dubai","Real estate","Shanghai Stock Exchange"],"articleSection":["ALSO ON OUR RADAR"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/","url":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/","name":"Sugar rush? - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?fit=%2C&ssl=1","datePublished":"2023-11-22T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2023\/11\/22\/sugar-rush\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Sugar rush?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1332.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/86818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=86818"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/86818\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/86792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/86819"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=86818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=86818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=86818"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=86818"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=86818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}