A key player in the UAE's banking sector on Sunday said "a sense of fragility" still threatened a full recovery of the country's economy.
Rick Pudner, CEO of Emirates NBD, said the first quarter of 2011 had seen signs of improvement in some of the UAE's non-oil sectors but added that the country was "not entirely out of the woods yet".
Speaking at a seminar on the banking sector in the post crisis era in Dubai, Pudner said: "The first quarter of 2011 has seen signs of improvement in the UAE and Dubai particularly in the traditional sectors of the economy, such as trade, logistics, services and hospitality."
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