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 makes rail history as first passenger train arrives in Abu Dhabi
The UAE has made history as the first passenger train from Fujairah arrived in Abu Dhabi's Mohamed bin Zayed City Station at 7:15 am on Tuesday.
UAE fuel prices to drop in July
Motorists will pay less at the pump in July, the UAE Fuel Price Committee confirmed on Tuesday.
UAE lifts Lebanon travel ban for citizens
Starting June 29, UAE nationals can resume travel to Lebanon, the Ministry of Foreign Affairs (MoFA) announced, lifting earlier restrictions.
UAE strongly condemns Israeli attacks on Syria
The UAE has strongly condemned the Israeli attacks on Quneitra and Daraa in Syria.
