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.
Sheikh Abdullah condemns attacks on civilian infrastructure in region
His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, strongly condemned attacks on civilian infrastructure in the region, including schools, hospitals, universities, desalination plants, energy facilities, transport hubs and residential areas.
UAE President and US Senator discuss regional developments
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a virtual meeting with US Senator Joni Ernst to discuss UAE–US strategic cooperation and their shared commitment to strengthening ties.
UAE 'will emerge stronger' says H.H. Sheikh Mohammed, Cabinet approves new strategies
A cabinet meeting, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Sunday approved a series of national strategies and international agreements, to strengthen the country's resilience and global position.
UAE universities to begin phased return to in-person learning
Higher education institutions in the UAE will begin a phased return to on-campus learning from Monday, under guidance issued by the Ministry of Higher Education and Scientific Research.
UAE responds to further missile, drone threats on Sunday
The UAE announced it is continuing to respond to incoming missile and drone threats from Iran, with a further alert issued by the National Emergency and Crisis Management Authority (NCEMA) on its official channel on Sunday at 3:23 p.m.
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