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 responds to more missile, drone threats on Saturday
The UAE's Ministry of Defence announced it is continuing to intercept incoming missile and drone threats from Iran, with a second update issued on its official channels on Saturday at 8:20 pm.
Over 3.2 million visit Sheikh Zayed Grand Mosque Centre during Ramadan, Eid
More than 3.2 million people visited mosques managed by the Sheikh Zayed Grand Mosque Centre during the holy month of Ramadan and Eid Al Fitr, officials have said.
UAE joins 21 nations in condemning Iranian attacks, closure of Strait of Hormuz
The UAE has joined 21 nations in condemning the recent Iranian attacks on unarmed commercial vessels in the Gulf and civilian infrastructure and the de facto closure of the Strait of Hormuz.
UAE sends condolences to South Korea over factory fire
The United Arab Emirates has expressed its solidarity with South Korea following a fire at an automotive parts factory in the city of Daejeon, which left 14 people dead and 60 injured.
