This post is not necessarily about the current credit crunch, and how Dubai is affected. Although it leans onto it.
I just had a coffee with a good friend of mine, and we were speaking about the status of Dubai, and the entire region actually and it’s corporate profiles. And what is lacking is transparency. Ironically enough, a new body is being setup to provide transparency, accountability and governance.
Anyhow, I refer to corporate transparency, what’s happening in the companies itself. I refer to blogging.
Current modern copanies, such as Sun microsystems, Facebook, Google, etc all have corporate blogs, where employees; both executive management as any other layer, talk about their strategies, challenges and outcomes.
In Dubai, very few companies do this, and especially none of the top 20 companies.
In times such as the ones we are in now, many people are unsure about what is going to happen. I don’t expect any of the Dubai top companies’ CEO’s, or other key people, to have a crystal ball and foresee the future, yet any news insights would be welcome. Rather directly instead of usual channels such as news papers.
Even prior to these less than perfect times, from an economical point of view. I am not sure about any UAE based top exec, giving in their own words how he/she is going to move the company forward, or just voice an opinion about global events.
I don’t expect that to happen anytime soon, but it’s sad, nevertheless. We’re 2009 already (ok, almost), we should follow the global trends and get away from communication means and marketing techniques that are so 90’s.