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 expresses solidarity with Algeria, conveys condolences over victims of wildfires
The United Arab Emirates has expressed its solidarity with Algeria over the victims of wildfires in the northeast of the country, which resulted in a number of deaths and injuries.
UAE President hails Emirati women as 'pride of nation'
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has paid special tribute to Emirati women, highlighting how their "achievements" and "inspiring vision" will "forever remain a source of (the nation's) collective strength and advancement".
H.H. Sheikh Mohammed pays special tribute to mother on Emirati Women's Day
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, has hailed the contributions of his mother, the late Sheikha Latifa bint Hamdan Al Nahyan, on Emirati Women's Day.
UAE leaders offer condolences following death of King of Norway
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has offered condolences to Norway following the death of King Harald V at the age of 89.
