A growing range of economic indicators point to a strengthening recovery in Dubai.
The number of new trade licences issued jumped in the first quarter over the same period last year. Business confidence is picking up. And one free zone attracted companies at the rate of five a day.
"You can certainly feel that in the first quarter of 2012 there is an increase in economic activity," said Sean Evers, the founder of Gulf Intelligence in Dubai. "Dubai is experiencing an economic recovery it hasn't seen in the last three to four years."
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