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.
H.H. Sheikh Hamdan reviews operations, developments at Jebel Ali Port
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and the UAE's Deputy Prime Minister and Defence Minister, has visited Jebel Ali Port to review operations and examine ongoing efforts to strengthen Dubai’s role as a global trade hub.
Drugs hidden inside passenger’s body seized at Abu Dhabi Airport
A drug smuggling attempt involving more than 1.4 kg of cocaine hidden inside a passenger’s body has been foiled at Abu Dhabi's Zayed International Airport.
UAE President, Montenegro PM discuss stronger bilateral cooperation
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with Montenegro’s Prime Minister Milojko Spajić, who is on a working visit to the UAE.
Fujairah says pipeline work triggered fire in petroleum industries area
Authorities in Fujairah have clarified that smoke seen in the Emirate's industrial area was caused by an "accidental fire" during routine pipeline maintenance work.
