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-backed solar project boosts healthcare in India
More than 200,000 people in rural India have access to more reliable healthcare after the Zayed Sustainability Prize's Beyond2020 initiative completed six solar-powered health centres in the southern state of Karnataka.
UAE expresses solidarity with India over flood victims
The UAE has expressed its solidarity with India over the victims of floods and landslides caused by heavy rainfall, which resulted in dozens of deaths and injuries, as well as significant damage.
UAE leaders congratulate new UK PM Andy Burnham
United Arab Emirates President His Highness Sheikh Mohamed bin Zayed Al Nahyan led the messages of congratulations and support for the United Kingdom's new Prime Minister Andy Burnham.
UAE strongly condemns renewed Iranian attacks on Bahrain and Kuwait
The United Arab Emirates has condemned the renewed attacks by Iran targeting Bahrain and Kuwait with missiles and drones.
