Dubai Brokers Choose Sandwiches Over Stocks – Bloomberg

Dubai, UAE | Dubai Creek ¦ #2

Nabil Rantisi, who sold stocks during the United Arab Emirates’ boom, now oversees orders of roast beef and Yorkshire pudding wraps from crowds including former clients.

“Business was getting too slow, and at some point you have to decide where time would be spent in a more valuable way,” said Rantisi, who quit his job as the senior vice president of brokerage at Rasmala Investment Bank Ltd. in Dubai in June to help start a deli named 1762. The 34-year-old now works a few hundred meters from where he used to fulfill share orders.

Three years after the Dubai bubble burst, its financial industry is still in decline and shows little sign of recovery. While the emirate successfully restructured debt and invested in transport and tourism, the number of employees in the Dubai International Financial Centre fell to 11,331 in July of last year from 11,436 in 2009.

via Dubai Brokers Choose Sandwiches Over Stocks – Bloomberg.

Strange Random Stocks Quote:

“October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February.” – Mark Twain (American Humorist, Writer and Lecturer. 1835-1910)

 

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Posted on January 12, 2012, in Article and tagged , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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