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.
H.H. Sheikh Mohammed receives condolences on passing of Sheikh Ahmed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, continued to receive condolences at Zabeel Majlis on Wednesday following the passing of Sheikh Ahmed bin Rashid Al Maktoum.
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The UAE has welcomed a United States statement supporting efforts to achieve peace in Sudan, including a call for an immediate and unconditional humanitarian truce and a commitment to a comprehensive political dialogue leading to civilian rule.
UAE President and Rulers offer condolences to H.H. Sheikh Mohammed
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UAE among global leaders in nuclear security progress
The United Arab Emirates has made significant progress in the 2026 Nuclear Threat Initiative (NTI) Nuclear Security Index, ranking fourth out of 48 countries assessed for protecting nuclear facilities against sabotage.
Sheikh Ahmed bin Rashid Al Maktoum laid to rest
Sheikh Ahmed bin Rashid Al Maktoum has been laid to rest at Dubai's Umm Hurair Cemetery on Tuesday, following a funeral prayer attended by royals at Grand Zabeel Mosque.
Sheikh Ahmed bin Rashid Al Maktoum passes away; 10-day mourning in Dubai
Sheikh Ahmed bin Rashid Al Maktoum has passed away on Monday, with the Court of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, declaring a 10-day mourning in the Emirate.
Sharjah approves over AED17.8 million in debt settlement for citizens
More than AED17.8 million in debt have been settled for UAE nationals living in Sharjah.
Sheikh Abdullah chairs UAE-France-India trilateral meeting at UN
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has chaired a trilateral meeting under the framework of the UAE-France-India cooperation initiative on the sidelines of the 81st UNGA81.
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