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UAE: Dubai economy shows resilience

The Dubai economy appears to be growing relatively strongly, according to the Dubai Economy Tracker Index produced by local bank Emirates NBD. The index rose to 57.7 in April from 56.6 in March, the fastest rate of growth since February 2015 (anything over 50 points signals an expanding economy). Activity in the construction, tourism and wholesale and retail trade sectors all picked up, but margins are being squeezed and jobs growth is sluggish.

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