Dubai's Al Ghurair Finds Sweet Spot As Refining Profits Fall
Bloomberg Businessweek Middle East|16 February, 2018

Al Ghurair is investing in a sugar beet processing plant in Egypt

Isis Almeida
Dubai's Al Ghurair Finds Sweet Spot As Refining Profits Fall

Jamal Al Ghurair, a member of one of Dubai’s richest families, is investing in a sugar beet processing plant in Egypt as a global glut squeezes profits for his cane refining business.

Companies in the Jamal Al Ghurair group are investing in the factory located about 200 kilometers (124 miles) from Cairo, he told delegates at a conference in February.

The European Union is flooding the world market with white sugar, reducing the premium the refined variety commands over raws, an important measure of refining profits.

Raw sugar prices have fallen more than 30 percent in the past year as supplies are forecast to outpace demand this season and the next. Brazil, the world’s largest sugar producer, uses cane to process into raw sweetener, which later has to be refined, adding to costs. The European Union mostly uses beets, which can be directly processed into white sugar.

Diese Geschichte stammt aus der 16 February, 2018-Ausgabe von Bloomberg Businessweek Middle East.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der 16 February, 2018-Ausgabe von Bloomberg Businessweek Middle East.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BLOOMBERG BUSINESSWEEK MIDDLE EASTAlle anzeigen
Golfing With The Enemy
Bloomberg Businessweek Middle East

Golfing With The Enemy

Did Donald Trump's executives violate the Cuban embargo?

time-read
10+ Minuten  |
August 16, 2016
Super-Rich Syrians Wait for War's End
Bloomberg Businessweek Middle East

Super-Rich Syrians Wait for War's End

Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate

time-read
10+ Minuten  |
July 01, 2016
Pam Codispoti
Bloomberg Businessweek Middle East

Pam Codispoti

The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking

time-read
2 Minuten  |
January 16, 2018
This Time It's The Economy
Bloomberg Businessweek Middle East

This Time It's The Economy

President Rouhani’s budget sets offprotests from people angry about unemployment and inflation

time-read
5 Minuten  |
January 16, 2018
Saudi Prince Counts On Support Of Citizens
Bloomberg Businessweek Middle East

Saudi Prince Counts On Support Of Citizens

State-worker salary increases appeal to the people, but policy may throw the budget off track

time-read
3 Minuten  |
January 16, 2018
Stalin's Legacy Is Choking The Ukrainian Economy
Bloomberg Businessweek Middle East

Stalin's Legacy Is Choking The Ukrainian Economy

The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors

time-read
4 Minuten  |
January 16, 2018
Catastrophe Bonds Survive A Stormy Year
Bloomberg Businessweek Middle East

Catastrophe Bonds Survive A Stormy Year

The turbulence of 2017 couldn’t destroy a market for betting against disasters

time-read
3 Minuten  |
January 16, 2018
Riding The West Bank's Credit Boom
Bloomberg Businessweek Middle East

Riding The West Bank's Credit Boom

Increased consumer lending is creating a bubble in the West Bank

time-read
3 Minuten  |
January 16, 2018
You'd Be Crazy To Buy Pizza With Bitcoin
Bloomberg Businessweek Middle East

You'd Be Crazy To Buy Pizza With Bitcoin

Speculative fervour makes the cryptocurrency clumsy for commerce

time-read
3 Minuten  |
January 16, 2018
What If The President Loses His Party?
Bloomberg Businessweek Middle East

What If The President Loses His Party?

Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake

time-read
6 Minuten  |
August 16, 2017