"No one expected this. People were getting signs that Dubai might be clawing its way out of the global financial crisis and could see a glimmer of hope on the horizon.
The signs that Dubai might be clawing its way out were unsubstantiated reports in the government owned press and company press releases. It is NO SURPRISE to those living here or those who have taken the time to look at the fundamentals.
Dubai inc is bankrupt.
EK is now being polished up in the press to look like a good investment when it floats to help sinking DXB.