Misplaced pride?
In an age of cheap oil and after a withdrawal from a bloody campaign in Yemen, will the UAE’s 45th National Day be more muted than usual? This weekend the streets of Dubai and Abu Dhabi will still likely snarl with cars sprayed black and green and Hummers adorned with photographs of sheikhs in love hearts. It’s an annual outpouring of nationalistic fervour that often seems immune to events roiling the region. What's more, the country’s budgetary outlook seems a touch brighter thanks to a deal struck with Opec this week to limit the production of oil (of which the UAE and Gulf states are shouldering the bulk), raising hopes that prices should begin to look healthier. The old days won’t return overnight but that a deal could be struck with Iran’s involvement is at least worth toasting.