The rights of an employee after termination for redundancy

Hello Dr Al Bastaki,

I was made redundant last week. The employer stated it was NOT due to any performance issues but due to the reason of no projects coming up in future, so the need to cut the costs of the business.

I believe it is an arbitrary redundancy because it is not a performance related issue. Am I correct in thinking this way? What are my entitlements, if any, for compensation?

I have an unlimited contract.

Thank you very much.

Regards,

P.