There have been false dawns before, but for local markets it really does appear that after a long period of instability there are some genuine signs of recovery, Alan Durrant writes
As I am sure that all readers share my frustration with the performance of local markets in recent years. Whenever the first patch of blue skies have appeared, a thunderous black cloud has quickly appeared to ruin the party.
We were beginning to turn bullish two years ago before the well-publicised local debt renegotiation problems temporarily eradicated all international demand for UAE shares.
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