On a trip late last year to Punjab in India’s north, I saw what looked like clouds of smoke rising from little plots of land dotted along the roadside. The smell, on the other hand, was divine, the stuff lazy childhood dreams are made of.
A closer look revealed entire families of farmers hauling thick bundles of sugar cane that were being pulped to a juice, and then boiled, cleaned and stirred with giant ladles in huge cauldrons over wood fires to form a thick, fudgy paste.
The viscous golden liquid was then poured into huge trays to thicken further and form blocks of what is widely thought to be the world’s healthiest form of sugar — jaggery, also called gur and vellam.
Sweet and sour history
Jaggery has been used in many Indian (and some Asian and African) households for centuries and has been used as a natural sweetener by Ayurveda practitioners for more than 3,000 years.
Sugar is simply empty calories, while jaggery is rich in a number of essential nutrients
Kavita Devgan,
nutritionist and author
Legend has it that the physician Sushruta, also known as the “father of Indian surgeons”, in about 700BC combined jaggery with sesame seeds as an antiseptic to treat his patients. Jaggery was rediscovered in the late 1600s in south India by the Portuguese colonisers, and it subsequently spread to other parts of South East Asia, including Myanmar and Vietnam, as well as Africa.
“In India, jaggery is more than just a flavouring, it’s also an object of ritualistic significance, a sign of good tidings and a marker of changing seasons,” says Sneha Mehta, a homemaker from Ahmedabad. “In Gujarati communities, for example, engagements are commonly known as gol dhana to represent the gift of jaggery and coriander seeds that were traditionally distributed to guests.”
Preferences changed after 1857 during British colonial rule in India, which not only destroyed the jaggery industry, but also promoted refined white sugar. However, the ingredient has found favour in recent decades as consumers became ever more health conscious.
At present, India produces more than 70 per cent of the world's jaggery, and more than three million people earn their livelihood from this cottage industry.
Health benefits of jaggery
With its taste of rich caramel and spicy molasses, jaggery, or unrefined cane sugar, can be likened to Latin American panela and Portuguese muscovado.
The Food and Agriculture Organisation has recognised dehydrated sugar cane juice and its products for their non-centrifugated nature, meaning the glucose, fructose and mineral residues present in jaggery have not been destroyed or contaminated by refining.
The high iron and folate content means it is excellent for pregnant and lactating mothers
Anushruti RK,
founder, DivineTaste.com
“Sugar is simply empty calories, while jaggery is rich in a number of essential nutrients, making it a power-packed source of nourishment,” says Kavita Devgan, a nutritionist from Delhi and author of Fix it with Food and Ultimate Grandmother Hacks. “It contains calcium, potassium, magnesium, iron, manganese, sodium, zinc, copper, as well as vitamins A, B1, B2, B5, B6, C, D2, and E.
“Magnesium acts as a muscle relaxant, makes the nervous system more robust and helps beat fatigue, while potassium helps in reducing water retention and cut down on bloating.”
Jaggery is an active ingredient in many Ayurvedic medicines. For instance, it is used with ginger and tulsi (holy basil) to treat coughs and colds in the winter. Ayurveda recognises it as a “sattvic” food because of its calming effect on the mind. Jaggery is also rich in iron, can help boost haemoglobin levels and has anti-inflammatory properties.
Anushruti RK, founder of DivineTaste.com, a platform that focuses on sattvic food — the fresh-food-only vegetarian Ayurvedic diet is thought to promote happiness, energy and clarity in addition to calmness — is another proponent of the ingredient. “It is good for bone health, strengthens the lungs and builds immunity,” she says.
“The high iron and folate content means it is excellent for pregnant and lactating mothers, and can also ease menstrual pain and alleviate PMS symptoms.”
I add organic jaggery to my coffee or tea instead of sugar, because I prefer its earthy taste
Shilpa Rao,
engineer
Food curator and TV show host Rakesh Raghunathan was familiar with jaggery, which is used in many Indian kitchens, but it was only on a trip to rural Tamil Nadu that he realised its health benefits. “It was peak summer and I remember being given a piece of jaggery and a glass of warm water when I visited the farmers, only to learn that this customary ritual is followed because jaggery is a natural coolant for the body when it is mixed with water,” Raghunathan says.
A jaggery quota is also assigned to workers in many Indian mines, thermal power plants and cement factories so they don’t suffer from diseases such as TB, caused by particulate matter in the lungs, because jaggery works like a natural cleaner.
Usage, types and caveats
It is little wonder, then, that the ingredient is used in Indian, Thai, Burmese and other South Asian cuisines in sweet and savoury dishes. Jaggery can be used to balance spicy, salty and sour components, while its depth of flavour and taste make it favourable to sweeten kheer, halwas, chikki and other Indian sweetmeats.
“I add organic jaggery to my coffee or tea instead of sugar, because I prefer its earthy taste,” says Shilpa Rao, an engineer from Delhi. “I use it in chutneys and sauces to balance the flavours, and to make healthier versions of Indian sweets.”
The ingredient is an important part of harvest rituals in India, especially those that mark a new agricultural year. Some other preparations include: a sweet juice called paanakam, made with water, jaggery and peppercorns; a rice pudding called Pongal, made with lentils, jaggery, rice, ghee, cashew nuts and raisins; and ladoos, made with sesame seeds or peanuts and jaggery.
RK says jaggery can even be consumed by itself. “In the absence of dessert, a few pieces of jaggery is all I need to satisfy my sweet cravings.”
Jaggery can be manufactured from sugar cane juice and palm sap, and each has a distinct taste and flavour. Palm jaggery is considered superior — medicinally and nutritionally. In West Bengal, a treacle-coloured jaggery made from a date palm sap called nolen gur has a smoky taste and is available only in the winter. In Sri Lanka, jaggery is usually made using the syrup of the kithul palm tree or from coconut syrup.
While the ingredient is a healthy sugar — because its preparation does not involve the use of preservatives or synthetic additives — it does have a high glycaemic index. “This is why one should have only up to 15 grams per day, and people who have diabetes should avoid it because, refined or not, it is sugar,” says Dharini Krishnan, a dietitian in Chennai.
Another caveat is that sugar cane production itself might be prone to pesticide and herbicide use, so organic jaggery, which is more gold than brown, is a better bet.
The biog
Name: Marie Byrne
Nationality: Irish
Favourite film: The Shawshank Redemption
Book: Seagull by Jonathan Livingston
Life lesson: A person is not old until regret takes the place of their dreams
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The specs: 2018 Mercedes-Benz E 300 Cabriolet
Price, base / as tested: Dh275,250 / Dh328,465
Engine: 2.0-litre four-cylinder
Power: 245hp @ 5,500rpm
Torque: 370Nm @ 1,300rpm
Transmission: Nine-speed automatic
Fuel consumption, combined: 7.0L / 100km
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”