Wiz - oddly that economy you are so quick to comment on is the strongest of the G20 going into this recession.
The banks have had no issues since the regulatory environment ensured they didn't overleverage themselves like the UK or US banks despite immense pressure a few years ago to allow mergers etc.
Of course the UAE has Open Skies - they have everything to gain and nothing to lose. EK's operation is based on geographical location as an aviation crossroads. There is little O&D traffic since most simply connect through Dubai to onward destinations.
When EK and the UAE can meet the requirment for mutual benefits to both sides you'll see them flying into more Cdn destinations. Until then they won't. They can boo hoo all they like and comment about the jobs they would create etc.