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Dubai’s economy grew 3.4% last year

The government of Dubai has said the emirate's economy grew 3.4% in real terms in 2011, helped by strong trade flows and rising tourist numbers, Reuters has reported. Dubai, which have been recovering from the 2009-2010 debt crisis, saw its foreign trade jump by a record 22% in 2011, driven by strong flows with Asia. The emirate, which makes up nearly a third of the UAE's GDP, is aiming for economic growth of 4.5% this year, the government said.