Monday, 6 August 2012

New man at Menacorp says time to grow is now - The National

Depressed markets and sinking share prices led to the stockbroker NabilAl Rantisi leaving the industry last year to concentrate full time on his newly set up delicatessen, 1762, in Dubai's financial hub.

Now he has returned to his old business with plans to transform a securities firm based in the capital into a mega-brokerage.

"What happened at the top of the bull cycle was that every Tom, Dick and Harry was opening a financial services company," said Mr Al Rantisi, who has been appointed the managing director of brokerage at Menacorp.

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