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 offers condolences to Jordanian King over church attack
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has offered his sincere condolences to Jordanian King Abdullah II bin Al Hussein in a phone call on Saturday over the victims of an attack targeting a church in Karak governorate.
UAE launches urgent earthquake relief response for Panama
The UAE has announced an urgent relief response campaign to assist those affected by the earthquake that struck various areas of Panama, causing material damage and widespread evacuations.
Ras Al Khaimah closes all beaches 'until further notice'
Ras Al Khaimah authorities have announced the closure of all beaches across the emirate until further notice.
H.H. Sheikh Hamdan names FIX's popular 'Dubai Chocolate' for Dubai-it award
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has presented the Dubai-it Award in the business category to FIX Dessert for "introducing 'Dubai Chocolate' to the world".
Abu Dhabi Crown Prince meets Emirati military students in Greece
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with Emirati military students at the Technical Training & Qualification Centre in Greece during his official visit to the country.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
