What is the outlook for commodities?

2020 was a phenomenal year for commodities. Growth-related commodities like oil and industrial whose fortunes are tied directly to economic output, have rebounded nicely since March 2020 when a coordinated effort from global central banks introduced markets to stimulus packages of historic proportions. Economic instability as a result of COVID-19 has reverted interest back into commodities […]

UAE 2021 budget: Social development gets Dh26.04 billion

Dubai: Nearly 43 per cent of the UAE’s Dh58.11 billion federal budget for 2021 will be assigned for social development and social benefits, according to the Ministry of Finance. In a tweet, the Ministry said the 2021 budget “centres on the wellness and prosperity of UAE citizens, in addition to developing an infrastructure that fosters […]