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.
UAE President launches initiative to transform textile sector
A national initiative to transition the textile sector in the UAE towards a circular economic system has been launched under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan.
UAE approves Wegovy pill for weight loss, heart health
The UAE has become the second country in the world to approve the use of Wegovy (semaglutide), an oral once-daily pill, to treat weight loss in adults with obesity and reduce the risks of heart conditions in high-risk patients.
Ajman reduces working hours for some government staff, adds more holidays
His Highness Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, has issued a law that reduces working hours for employees in the government sector, along with additional leave packages and benefits.
UAE strongly condemns Israeli settlers’ storming of Al-Aqsa Mosque
The UAE has strongly condemned the storming of Al-Aqsa Mosque's courtyards by settlers under the protection of Israeli police, including the raising of the Israeli flag in the area, stating it is "a provocation and an unacceptable act of extremism".
UAE petrol prices to increase in June, diesel to drop
Motorists will have to pay more for petrol in June as prices continue to rise for the fourth month in a row.
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