Sheikh Abdullah said the country has cause for great optimism in the year ahead. The National
Sheikh Abdullah said the country has cause for great optimism in the year ahead. The National
Sheikh Abdullah said the country has cause for great optimism in the year ahead. The National
Sheikh Abdullah said the country has cause for great optimism in the year ahead. The National

Sheikh Abdullah: 2021 will be a year of recovery, growth and decade-defining ambitions


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Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, said 2021 would be a year of "recovery and growth" as the UAE gears up for joyous golden jubilee celebrations.

Sheikh Abdullah, writing in The National on Sunday, said that while the rise of Covid-19 defined 2020, it did not define the UAE.

Instead, the UAE's strong response to the pandemic symbolised the country's spirit and values.

In a message of hope, he vowed that the coming year would lay the groundwork for a prosperous future as the nation prepares to come together to mark the 50th anniversary of the founding of the Emirates in December.

He pointed to the major accomplishments of the UAE during the past 12 months, including the  development of the Barakah nuclear power plant, the pioneering mission to Mars by the Hope probe and the historic signing of the Abraham Accord, ushering in a new era of diplomatic ties with Israel.

"Fifty years ago, our Founding Father, the late Sheikh Zayed, may his soul rest in peace, laid down the core values for our new nation: peace, hope, equality, tolerance, openness and coexistence," Sheikh Abdullah said.

"It is these values that helped us endure the extraordinary year of 2020, and underpin the UAE's commitment to making 2021 a year of recovery, growth and decade-defining ambitions."

Sheikh Abdullah said that the start of major vaccination programmes around the globe offered renewed hope that better times lay ahead.

"While the last 12 months have challenged the entire world as we have collectively fought Covid-19, the introduction of effective vaccines and breakthrough treatments has sparked hope for a recovery that will stimulate economic growth, facilitate international connectivity once more and boost the quality of life for all, while improving global health outcomes," he said.

He said he was proud of the part played by the UAE in the fight against Covid-19 – from supporting medical research to delivering crucial aid to nations hardest hit by the pandemic.

  • The Hope probe launches from Japan's Tanegashima Space Centre on July 20. AFP
    The Hope probe launches from Japan's Tanegashima Space Centre on July 20. AFP
  • It will take the spacecraft, which later detached from the rocket, about 200 days to reach the Red Planet, arriving in February 2021. Courtesy: Mitsubishi Heavy Industries
    It will take the spacecraft, which later detached from the rocket, about 200 days to reach the Red Planet, arriving in February 2021. Courtesy: Mitsubishi Heavy Industries
  • The launch of the rocket is captured on video at Japan's Tanegashima Space Centre. Courtesy: Mitsubishi Heavy Industries
    The launch of the rocket is captured on video at Japan's Tanegashima Space Centre. Courtesy: Mitsubishi Heavy Industries
  • The first homegrown Arab space mission drew in interest from across the globe. Courtesy: Mitsubishi Heavy Industries
    The first homegrown Arab space mission drew in interest from across the globe. Courtesy: Mitsubishi Heavy Industries
  • The launch of the rocket from Japan's Tanegashima Space Centre. Courtesy: Mitsubishi Heavy Industries
    The launch of the rocket from Japan's Tanegashima Space Centre. Courtesy: Mitsubishi Heavy Industries
  • Waiting for the launch in the morning light. MHI Launch Services twitter
    Waiting for the launch in the morning light. MHI Launch Services twitter
  • Emirati journalists clap as they watch the launch of the Hope space probe at Mohammed bin Rashid Space Centre in Dubai. AP
    Emirati journalists clap as they watch the launch of the Hope space probe at Mohammed bin Rashid Space Centre in Dubai. AP
  • A broadcasting of the launch of the Hope Mars probe at the Mohammed Bin Rashid Space Centre in Dubai. AFP
    A broadcasting of the launch of the Hope Mars probe at the Mohammed Bin Rashid Space Centre in Dubai. AFP
  • An Emirati man wipes a tear away with his face mask while watching the launch of the Hope space probe at Mohammed bin Rashid Space Centre in Dubai. AP
    An Emirati man wipes a tear away with his face mask while watching the launch of the Hope space probe at Mohammed bin Rashid Space Centre in Dubai. AP
  • Mohammed Al Mannaee, an announcer with Dubai TV, reacts as he watches the launch. AP
    Mohammed Al Mannaee, an announcer with Dubai TV, reacts as he watches the launch. AP
  • Sarah Al Ameeri and the UAE team watch the launch at at the Tanegashima Space Centre
    Sarah Al Ameeri and the UAE team watch the launch at at the Tanegashima Space Centre
  • The UAE team watch the launch of the Mars Hope probe at at the Tanegashima Space Centre.
    The UAE team watch the launch of the Mars Hope probe at at the Tanegashima Space Centre.
  • Sarah Al Ameeri and the UAE team watch the launch at at the Tanegashima Space Centre
    Sarah Al Ameeri and the UAE team watch the launch at at the Tanegashima Space Centre
  • A screen broadcasts the launch of the Mars probe at Mohammed bin Rashid Space Centre in Dubai. AFP
    A screen broadcasts the launch of the Mars probe at Mohammed bin Rashid Space Centre in Dubai. AFP
  • Solid rocket booster (SRB-A) was separated after burnout during the launch of the H-2A rocket carrying the Hope Probe, developed by the Mohammed Bin Rashid Space Centre (MBRSC) in the United Arab Emirates (UAE) for the Mars explore, are recorded by cameras onboard the rocket after the lauch from Tanegashima Space Center on the island of Tanegashima, Japan. REUTERS
    Solid rocket booster (SRB-A) was separated after burnout during the launch of the H-2A rocket carrying the Hope Probe, developed by the Mohammed Bin Rashid Space Centre (MBRSC) in the United Arab Emirates (UAE) for the Mars explore, are recorded by cameras onboard the rocket after the lauch from Tanegashima Space Center on the island of Tanegashima, Japan. REUTERS
  • A screen broadcasts the launch of the Mars probe at Mohammed bin Rashid Space Centre in Dubai. AFP
    A screen broadcasts the launch of the Mars probe at Mohammed bin Rashid Space Centre in Dubai. AFP
  • The launch of the rocket from Japan's Tanegashima Space Centre. Courtesy: MHI Launch Services
    The launch of the rocket from Japan's Tanegashima Space Centre. Courtesy: MHI Launch Services
  • Omran Sharaf, the project director for the Hope space probe, speaks on his mobile phone at Mohammed bin Rashid Space Centre in Dubai. AP
    Omran Sharaf, the project director for the Hope space probe, speaks on his mobile phone at Mohammed bin Rashid Space Centre in Dubai. AP
  • Sarah Al Ameeri, Minister of State for Advanced Sciences of United Arab Emirates, celebrates with Naohiko Abe, Mitsubishi Heavy Industries (MHI) Senior Vice President, Head of Integrated Defence and Space Systems, after the successful launch of the H-2A rocket carrying the Hope Probe, developed by the Mohammed Bin Rashid Space Centre (MBRSC) in the United Arab Emirates (UAE) for the Mars explore, at Tanegashima Space Center on the island of Tanegashima, Japan. REUTERS
    Sarah Al Ameeri, Minister of State for Advanced Sciences of United Arab Emirates, celebrates with Naohiko Abe, Mitsubishi Heavy Industries (MHI) Senior Vice President, Head of Integrated Defence and Space Systems, after the successful launch of the H-2A rocket carrying the Hope Probe, developed by the Mohammed Bin Rashid Space Centre (MBRSC) in the United Arab Emirates (UAE) for the Mars explore, at Tanegashima Space Center on the island of Tanegashima, Japan. REUTERS
  • Emiratis are pictured at the Mohammed Bin Rashid Space Centre in Dubai ahead of the expected launch of the "Hope" Mars probe from Japan. AFP
    Emiratis are pictured at the Mohammed Bin Rashid Space Centre in Dubai ahead of the expected launch of the "Hope" Mars probe from Japan. AFP
  • The weather was clear over Tanegashima Island in southern Japan on Sunday after weeks of rain and cloudy conditions. Courtesy: Dubai Media Office
    The weather was clear over Tanegashima Island in southern Japan on Sunday after weeks of rain and cloudy conditions. Courtesy: Dubai Media Office
  • Emirati engineers wave in a picture taken on Sunday from Japan's Tanegashima Space Centre. Courtesy: Emirates Mars Mission / UAE Space Agency
    Emirati engineers wave in a picture taken on Sunday from Japan's Tanegashima Space Centre. Courtesy: Emirates Mars Mission / UAE Space Agency
  • The launch of the rocket from Japan's Tanegashima Space Centre. Screengrab courtesy MHI Launch Services
    The launch of the rocket from Japan's Tanegashima Space Centre. Screengrab courtesy MHI Launch Services

"This spirit of goodwill and faith in a post-Covid future was just as evident abroad as it was at home – from the UAE’s hundreds of repatriation flights, the thousands of tonnes of medical assistance and equipment provided to countries and frontline workers around the world, and our partnership with the World Food Programme for the global delivery of food and medicines," he said.

"Therefore, the UAE will continue its efforts in the fight against Covid-19 and in making the world a better place."

The UAE will take centre stage in October when Expo 2020 Dubai gets under way after being delayed by 12 months because of the pandemic.

"We will welcome the world in October 2021 at Expo 2020 Dubai, which extends the hands of friendship to more than 190 participating countries and global organisations," Sheikh Abdullah said.

  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, speaks to Donald Trump, US president at the time, and Israeli Prime Minister Benjamin Netanyahu in the Oval Office in September 2020. Ministry of Foreign Affairs and International Co-operation
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, speaks to Donald Trump, US president at the time, and Israeli Prime Minister Benjamin Netanyahu in the Oval Office in September 2020. Ministry of Foreign Affairs and International Co-operation
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets Mike Pompeo, US secretary of state at the time. Wam
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets Mike Pompeo, US secretary of state at the time. Wam
  • Sheikh Abdullah and Mr Pompeo in Washington. Wam
    Sheikh Abdullah and Mr Pompeo in Washington. Wam
  • Sheikh Abdullah visits Washington in September last year. Wam
    Sheikh Abdullah visits Washington in September last year. Wam
  • Sheikh Abdullah, UAE Minister of Foreign Affairs and International Co-operation, US President Donald Trump, centre, and Israeli Prime Minister Benjamin Netanyahu sign the Abraham Accord at the White House South Lawn. MOFAIC
    Sheikh Abdullah, UAE Minister of Foreign Affairs and International Co-operation, US President Donald Trump, centre, and Israeli Prime Minister Benjamin Netanyahu sign the Abraham Accord at the White House South Lawn. MOFAIC
  • Sheikh Abdullah and, from left, Bahrain's Foreign Minister Abdullatif Al Zayani, Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump at the White House. MOFAIC
    Sheikh Abdullah and, from left, Bahrain's Foreign Minister Abdullatif Al Zayani, Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump at the White House. MOFAIC
  • Sheikh Abdullah, Mr Al Zayani and Mr Netanyahu at the White House during the Abraham Accord signing ceremony. MOFAIC
    Sheikh Abdullah, Mr Al Zayani and Mr Netanyahu at the White House during the Abraham Accord signing ceremony. MOFAIC
  • Sheikh Abdullah and, from left, Mr Netanyahu, Mr Trump and Mr Al Zayani wave from the Truman Balcony at the White House. AFP
    Sheikh Abdullah and, from left, Mr Netanyahu, Mr Trump and Mr Al Zayani wave from the Truman Balcony at the White House. AFP
  • Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump sign the Abraham Accord. AFP
    Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump sign the Abraham Accord. AFP
  • Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump after the signing ceremony. AFP
    Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump after the signing ceremony. AFP
  • Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump after the signing ceremony. AFP
    Sheikh Abdullah and, from left, Mr Al Zayani, Mr Netanyahu and Mr Trump after the signing ceremony. AFP
  • Sheikh Abdullah speaks from the Truman Balcony at the White House during the signing ceremony of the Abraham Accord. AFP
    Sheikh Abdullah speaks from the Truman Balcony at the White House during the signing ceremony of the Abraham Accord. AFP
  • Sheikh Abdullah speaks as Mr Trump looks on before the signing of Abraham Accord on the South Lawn of the White House. AP
    Sheikh Abdullah speaks as Mr Trump looks on before the signing of Abraham Accord on the South Lawn of the White House. AP
  • Sheikh Abdullah looks on from the White House as Mr Trump speaks at the Abraham Accord signing ceremony, also attended by Mr Al Zayani and Mr Netanyahu. AP
    Sheikh Abdullah looks on from the White House as Mr Trump speaks at the Abraham Accord signing ceremony, also attended by Mr Al Zayani and Mr Netanyahu. AP
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, Israeli Prime Minister Benjamin Netanyahu, left, and Bahraini Foreign Minister Abdullatif Al Zayani stand on the Blue Room Balcony during the signing ceremony. AP
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, Israeli Prime Minister Benjamin Netanyahu, left, and Bahraini Foreign Minister Abdullatif Al Zayani stand on the Blue Room Balcony during the signing ceremony. AP
  • Sheikh Abdullah and Mr Al Zayani shortly before participating in the signing of the Abraham Accord. AFP
    Sheikh Abdullah and Mr Al Zayani shortly before participating in the signing of the Abraham Accord. AFP
  • Sheikh Abdullah, with Mr Netanyahu, left, and Mr Al Zayani at the signing of the Abraham Accord on the South Lawn of the White House. AFP
    Sheikh Abdullah, with Mr Netanyahu, left, and Mr Al Zayani at the signing of the Abraham Accord on the South Lawn of the White House. AFP
  • US President Donald Trump speaks from the Truman Balcony at the White House during the signing ceremony of the Abraham Accord. AFP
    US President Donald Trump speaks from the Truman Balcony at the White House during the signing ceremony of the Abraham Accord. AFP
  • President Donald Trump walks to the Abraham Accord signing ceremony at the White House with Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, Israeli Prime Minister Benjamin Netanyahu, and Bahrain's Foreign Minister Abdullatif Al Zayani. AP
    President Donald Trump walks to the Abraham Accord signing ceremony at the White House with Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, Israeli Prime Minister Benjamin Netanyahu, and Bahrain's Foreign Minister Abdullatif Al Zayani. AP
  • US Secretary of State Mike Pompeo arrives at the White House to attend the Abraham Accord signing ceremony hosted by President Donald Trump. EPA
    US Secretary of State Mike Pompeo arrives at the White House to attend the Abraham Accord signing ceremony hosted by President Donald Trump. EPA
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets US President Donald Trump in the Oval Office of the White House before the signing of Abraham Accord. AFP
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets US President Donald Trump in the Oval Office of the White House before the signing of Abraham Accord. AFP
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, in the Oval Office. AFP
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, in the Oval Office. AFP
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets US President Donald Trump in the Oval Office of the White House. AFP
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, meets US President Donald Trump in the Oval Office of the White House. AFP
  • Sheikh Abdullah with Mr Trump in the Oval Office. AFP
    Sheikh Abdullah with Mr Trump in the Oval Office. AFP
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, with by President Donald Trump at the White House. Mustafa Alrawi / The National
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, with by President Donald Trump at the White House. Mustafa Alrawi / The National
  • The UAE delegation led by Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, with US President Donald Trump at the White House. Mustafa Alrawi / The National
    The UAE delegation led by Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, with US President Donald Trump at the White House. Mustafa Alrawi / The National
  • Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, is welcomed to the White House by US President Donald Trump. EPA
    Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, is welcomed to the White House by US President Donald Trump. EPA
  • Sheikh Abdullah and Mr Trump outside the White House. AFP
    Sheikh Abdullah and Mr Trump outside the White House. AFP
  • Sheikh Abdullah bin Zayed speaks to Mr Trump after arriving at the White House. Reuters
    Sheikh Abdullah bin Zayed speaks to Mr Trump after arriving at the White House. Reuters
  • White House Senior Adviser Jared Kushner walks away following a television interview on the North Lawn at the White House in Washington. Reuters
    White House Senior Adviser Jared Kushner walks away following a television interview on the North Lawn at the White House in Washington. Reuters
  • US President Donald Trump and First Lady Melania Trump welcome the arrival of Prime Minister of Israel Benjamin Netanyahu and his wife Sara on the North Lawn of the White House in Washington DC. AFP
    US President Donald Trump and First Lady Melania Trump welcome the arrival of Prime Minister of Israel Benjamin Netanyahu and his wife Sara on the North Lawn of the White House in Washington DC. AFP
  • A delegation of senior UAE officials led by Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, prepares to depart for the White House to sign the Abraham Accord. MOFAIC
    A delegation of senior UAE officials led by Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, prepares to depart for the White House to sign the Abraham Accord. MOFAIC
  • US President Donald Trump welcomes Bahraini Foreign Minister Abdullatif Al Zayani. AFP
    US President Donald Trump welcomes Bahraini Foreign Minister Abdullatif Al Zayani. AFP
  • Bahraini Foreign Minister Abdullatif Al Zayani arrives at the White House in Washington DC. AFP
    Bahraini Foreign Minister Abdullatif Al Zayani arrives at the White House in Washington DC. AFP
  • US President Donald Trump welcomes Bahraini Foreign Minister Abdullatif Al Zayani on the North Lawn of the White House in Washington, DC. AFP
    US President Donald Trump welcomes Bahraini Foreign Minister Abdullatif Al Zayani on the North Lawn of the White House in Washington, DC. AFP
  • Preparations at the White House for the signing of the Abraham Accord.
    Preparations at the White House for the signing of the Abraham Accord.
  • Preparations under way at the White House for the signing of the Abraham Accord.
    Preparations under way at the White House for the signing of the Abraham Accord.
  • Preparations under way at the White House for the signing of the Abraham Accord.
    Preparations under way at the White House for the signing of the Abraham Accord.
  • Preparation at the White House for the signing of the Abraham Accord. The National
    Preparation at the White House for the signing of the Abraham Accord. The National

As the UAE looks forward to its Golden Jubilee, Sheikh Abdullah said the nation was well on its way to reaching the lofty goals set by Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai.

"A decade ago, Sheikh Mohammed bin Rashid announced to the Cabinet his vision for 2021: 'To make the UAE among the best countries in the world'. The four supporting pillars of this vision were prosperity, knowledge, destiny and responsibility," Sheikh Abdullah said.

"In overcoming the challenges we faced over the past 10 years, we have come a long way towards achieving this vision. We have a prosperous, growing, sustainable economy, world-class health care, a first-rate education system, a strong judiciary and a cohesive society that is now acknowledged globally as one of the safest in the world.

"Finally, the stage is indeed set for our nation to achieve truly spectacular accomplishments before our centenary in 2071. The only limit is our imagination. The only challenge is our creativity. The only path forward for the UAE is illuminated by boundless enthusiasm and hope for a more peaceful and prosperous future for all."

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%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A
Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The finalists

Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho

Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson

Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)

Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)

Club of the Year: Bayern Munich, Liverpool, Real Madrid

Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)

Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola

How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

Roll of honour 2019-2020

Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain

West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership

UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby