The requirments have drastically lowered in the last year. As you metioned the bare mins do apply; on paper.
The actual requirments are just a PPL, have seen a widebody aircraft sometime in your lifetime, preferably resides from the 3rd world (so the new pilots will be very happy to work at EK and not winge), and being able to walk to an airplane unassisted. This last requirment could prove to be a little embarrassing as the passengers look out the terminal windows to see their crew boarding the airplane.
So don't delay, apply today especially if you meet the very high standards that EK sets. Besides EK needs you.