Seems odd that the ruler of Dubai hasn’t put a block on this. The money circle after all needs to stay in Dubai to make his whole project viable. With a downsizing of this magnitude there’s just no way he can get the tourists and business out to Dubai to spend their money on the malls and hotels. There will be cars, houses, apartments all sitting empty and turning back to sand for a significant number of years. If he’d propped up EK then at least the money would slosh around in the local economy rather than thousands leaving the country.