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 President holds talks with Turkish Foreign Minister
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has welcomed Turkish Foreign Minister Hakan Fidan at Qasr Al Shati in Abu Dhabi.
Dubai to organise world’s largest virtual sign language class
Dubai is aiming to set a new Guinness World Record by holding the world's largest unified virtual sign language class on January 21.
UAE expresses solidarity with Thailand over deadly train accident
The UAE has expressed its solidarity with Thailand following the accident involving the collapse of a crane onto a train that resulted in the death of more than 30 people with over 60 injured on Wednesday.
UAE activates automatic degree recognition for 34 universities
The Ministry of Higher Education and Scientific Research (MoHESR) has announced that 34 UAE-based universities and colleges have joined the first phase of its automatic degree recognition initiative.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has welcomed Turkish Foreign Minister Hakan Fidan at Qasr Al Shati in Abu Dhabi.
Dubai is aiming to set a new Guinness World Record by holding the world's largest unified virtual sign language class on January 21.
The UAE has expressed its solidarity with Thailand following the accident involving the collapse of a crane onto a train that resulted in the death of more than 30 people with over 60 injured on Wednesday.
