When Nabil Al Rantisi decided to leave his job as a stockbroker at the Dubai-based Rasmala in the summer of 2011, he had spent two long years just getting by after the Dubai World debt standstill.
“Sentiment was at rock bottom, both for clients, who were losing their money, and the stock brokers, who were losing their jobs,” he remembers. “There was nothing happening except a big flow of bad news at the time, and the performances of companies were highly affected by the crisis.” Banks and property companies have the biggest representation on the UAE bourses, two sectors that were affected by the 2008 global financial crisis and the subsequent Dubai World debt crisis.
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