UAE tops commodity trade index

Dubai: Dubai tops the world commodity index unveiled in London on Tuesday as part of Dubai Multi-Commodities Centre’s (DMCC) Future of Trade report.

The index is based on a country’s location and trade partnerships, its resource endowment, and its institutional factors, DMCC CEO Gautam Sashittal said in an interview before the launch of the report.

The trade index — the first of its kind — judged 10 global commodities hubs on their location and trading partnerships, their resource endowment, and on institutional factors.