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, Brazil Presidents discuss bilateral ties, strategic partnership
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Brazilian President Luiz Inácio Lula da Silva have discussed ways to strengthen cooperation across a wide range of sectors under the two nations’ strategic partnership.
UAE field hospital in Gaza hosts WHO delegation
The UAE field hospital in Gaza has received a delegation from the World Health Organisation to review the medical services being provided to Palestinian patients.
UAE activates new system to end monopoly on medical products
The Emirates Drug Establishment (EDE) has activated a new mechanism aimed at ending monopolies on medical products in the UAE.
UAE rolls out 3-year academic calendar for universities
The UAE has approved the academic calendar for the next three years, covering 2026 to 2029, for all public and private higher education institutions.
