Build to Last and Good To Great. Two books that declare it that lasting organizations have a distinct culture that defines it. Very few companies in middle-east seem to have any amibition to be good, least of all great.
Most of the management comes from forign nations, whose main objectives, according to the owners themselves, is to increase profits and market share. Dubai is a society of salesmen and consumers. Any activity not related to the above, is not encouraged, nor of any concern to the owners. There is little or no accountancy practices and stuff that exists is mainly adhoc, dependent only on which country the accountant comes from. (Audited balance sheets are very recent trend). R&D is limited to oil and gas industry, or maybe some few companies spread out.
The biggest drawback in UAE's economy is the time-limitedness of its employees. With no prospect of settling down for most of the population, it is mainly a city to work and earn. Not to re-invest. Visions, other than in locals, is limited to 3 years max. Increase your earning power as much as you can, and move. Within industries, the demand for trained individuals locally is high mainly due to high costs of training. No owner wants to train prefect employees, least somebody offers them higher wages. And finally, there is always a threat that business rights in dubai is very grey in color. Even after all the "free-zones" of the world. All said, none of the other countries in the region even provide this level of comfort. So you are left with no choice.
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