Wonder why Abu Dhabi didn't step in with a helping hand?
It's a window-dressing or smoke-screening exercise to avoid hurting Dubai's public image and pride, while at the same time Abu Dhabi holds up its breath waiting for Dubai to (kneel) beg for former's much needed help. In doing so, Abu Dhabi will be quietly taking all Dubai's real value assets in a much formal shape and form and portray as being the saviours (Arab botherhood).
Sounds equally alarming to me...
Yes it does despite their real wealth. Abu Dhabi is spending huges amounts of money on needless stuff. Will they be able to cope with Dabai's debts plus funding the other Emirates and still fund their own spending spree?
