Employees in the UAE have told ARN News how they feel, after a new report found that eight out of every 10 people in the country fear getting laid off.
The study by McKinsey & Company also revealed that 40 percent of people in the UAE and Saudi Arabia are cutting down on spending and paying closer attention to prices.
Here's what these residents said:
Meanwhile, the report also found that consumers are also becoming less brand loyal, with at least 15 per cent switching to less expensive brands.
No injuries after building fire on Dubai's Sheikh Zayed Road contained
Teams from Dubai Civil Defence have successfully contained a fire that broke out in a building on Sheikh Zayed Road and confirmed that no one was injured in the incident.
'Dubai-it' initiative to embed Dubai’s work philosophy across generations
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has announced the launch of the 'Dubai-it' initiative, aimed at passing Dubai’s work philosophy to future generations and embedding it across institutions and companies.
Dubai Police, RTA discuss measures to reduce heavy vehicle accidents
Dubai Police and the Roads and Transport Authority (RTA) have discussed new measures to reduce traffic accidents involving heavy vehicles.
Dubai Holding's 'Gift It Forward' distributes repurposed items worth AED 22 million
The third edition of Dubai Holding's 'Gift It Forward' initiative has distributed more than half a million repurposed items, reaching over 23,000 beneficiaries across the UAE.
UAE President calls for stronger global cooperation at G7 Summit
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has participated in the 52nd G7 Leaders’ Summit in Évian-les-Bains, France.
Abu Dhabi offers 'innovative' precision therapy to treat advanced breast cancer
Abu Dhabi will now offer a more targeted breast cancer treatment for patients in advanced stages and resistance to conventional hormone therapy, giving them renewed hope and a better quality of life.
UAE foils drug distribution plot, dismantles criminal network
The National Anti-Narcotics Authority, in coordination with Ras Al Khaimah Police and other security agencies, has foiled a plan to promote and distribute narcotic substances inside the UAE.
Sharjah unveils projects worth AED750 million for direct road links to Dubai
His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has announced a series of projects worth AED750 million that will link internal and main roads between Sharjah and Dubai.
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