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 receives condolences on passing of Sheikh Tahnoun bin Mohammed
The President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received condolences from regional leaders on the death of his uncle, Sheikh Tahnoun bin Mohammed Al Nahyan.
UAE carries out 46th Gaza airdrop
The UAE's "Birds of Goodness" campaign has carried out it's 46th airdrop of humanitarian and relief aid into northern Gaza.
UAE intensifies anti-mosquito efforts
The UAE has stepped up its programme to control the spread of mosquitoes in the country following the recent spells of bad weather.
Dubai government reaches 94% completion of jobs engineering project
The Dubai Government Human Resources Department (DGHR) has achieved a significant milestone with the completion of 94 per cent of its ‘Dubai Government Jobs Engineering’ Project", which aims to support and strengthen human resource departments within government entities.
Dubai to honour food outlets for excellence in safety, nutrition
Submissions have opened for the first edition of a major initiative to honour food establishments in Dubai for their excellence in standards for safety, nutrition, sustainability and social responsibility.
7:00pm - 10:00pm
Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.
10:00pm - 11:00pm
Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.
John Lyons of Espace Real Estate says there is a slight slowdown in the property market during summer. So we asked him, does this mean prices are negotiable during the summer months?
Lawyer Rebecca Kelly of Clyde & Co. explained why UAE judicial authorities are setting up new offices to deal with financial crime, including money laundering.
Airalo - an eSim company disrupting telco's roaming revenues, has raised $60 million in funding including investment from our own e&.
It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.
The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.
