Many many rumours in the pipe !
EK was, not such a long time ago, interested in starting an IPO, and I guess they had to retract after evaluating the threat of big neighbour Abu Dhabi. They might get back to this option and let the fat assets father merge EK & EY. Time to swallow the pride maybe!
Dubai is a trade and merging financial city that wasn't afraid of taking huge risks during the last decade. As the Ruler says, it's always " full throttle ", it is maybe still time to learn de-rated thrust and cool down, particulary in banking/finance and real estate.
Now the oil is under 50$, will EK save Dubai?...
Regarding the UAE, no worries for now... Father Abu Dhabi holds probably the biggest sovereign funds on earth, some solid oil reserves and a few contacts in the region, but for sure, some "adjustements"/restructurations are on their way.
A warning to this system, not to collapse now, but we all know it will crash.