UAE companies' first-quarter earnings reports are expected to show signs of recovery, but debt issues in Dubai's financial sector still threaten to trample any green shoots.
There were clear signals of strength in the sectors that fuel the traditional economic motors of Dubai and Abu Dhabi, said Liz Martins, an economist at HSBC Middle East.
"Dubai's key strengths - trade, services, tourism - seem to be an area of strength at the moment," she said. "But the economy as a whole does continue to look quite sluggish."
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