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 condemns attack on Indian-flagged ship off Oman coast
The UAE has strongly condemned an attack targeting an Indian-flagged commercial ship off the coast of Oman, warning that the incident threatens international maritime security and the stability of critical shipping routes.
UAE, UK ministers discuss regional stability, bilateral ties
A high-level UAE–UK meeting in London has focused on security developments in the Middle East and the repercussions of recent Iranian missile and drone attacks targeting civilian sites in the UAE.
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.
Yas Island announced as location for Sphere Abu Dhabi project
Abu Dhabi's Department of Culture and Tourism and Sphere Entertainment Co. have announced Yas Island as the location for Sphere Abu Dhabi.
Warning issued on dangers of sudden road stops after 1 dead, 19 injured
Dubai Police have issued a warning after a truck crashed into a bus that had broken down on Al Yalayis Street, near Sheikh Zayed bin Hamdan Bridge, leaving one dead and 19 injured.
UAE says reports of Israeli PM Netanyahu's visit 'entirely unfounded'
The UAE has denied reports circulating online claiming Israeli Prime Minister Benjamin Netanyahu visited the country or that an Israeli military delegation had been received in the Emirates.
UAE launches platform to help Emiratis choose 'right academic, career paths'
Authorities in the UAE have unveiled a platform to help Emirati students choose the right academic and career paths, by tracking global trends, analysing skills’ gaps, and finding the right programme and job opportunities.
Dubai Customs foils attempt to smuggle endangered bears through airport
Dubai Customs said on Thursday it stopped an attempt to smuggle rare endangered animals through Dubai International Airport after officers discovered concealed bears inside a passenger’s luggage.
UAE, Syria Presidents discuss cooperation and regional developments
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his Syrian counterpart Ahmad Al Sharaa have discussed fraternal relations during a phone call.
UAE President, Qatari Emir discuss ties and regional developments
The UAE and Qatar have reaffirmed their commitment to strengthening bilateral cooperation and continuing coordination on regional issues.
UAE reinforces anti-money laundering standards in gold sector
The UAE's Minister of Economy and Tourism, Abdulla bin Touq Al Marri, has carried out an inspection tour of Dubai’s Gold Souq to review compliance with regulations in the gold sector, particularly those related to anti-money laundering and counter-terrorism financing standards.
Eid Al Adha holidays confirmed for Dubai Government entities
The Eid Al Adha holiday for Dubai Government departments and entities will begin on Monday, May 25, and continue until Friday, May 29.
UAE President holds talks with US, Saudi Arabia leaders
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held talks with US President Donald Trump and of Saudi Arabia's Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud in separate phone calls on Tuesday.
Dubai's Parkin begins roll out of AI curb-side parking cameras
Dubai parking operator Parkin has introduced on-street smart parking camera systems at three key locations in the city.
UAE reviews AI readiness across federal government
His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has chaired a meeting of the Ministerial Council for Artificial Intelligence and Development.
From Sweden to India, 10 nurses shortlisted for $250,000 global award
India's Hindumbi Kourom Kakkada and Sweden's Dr. Aidah Alkaissi are among 10 finalists from across the world who have been shortlisted for the $250,000 Aster Guardians Global Nursing Award.
UAE, Kuwaiti Foreign Ministers discuss foiled infiltration operation by Iran's IRGC
Foreign ministers of the UAE and Kuwait have discussed the need to strengthen regional cooperation after an infiltration operation in Bubiyan Island by Iran’s Islamic Revolutionary Guard Corps (IRGC) was foiled.
The UAE has strongly condemned an attack targeting an Indian-flagged commercial ship off the coast of Oman, warning that the incident threatens international maritime security and the stability of critical shipping routes.
A high-level UAE–UK meeting in London has focused on security developments in the Middle East and the repercussions of recent Iranian missile and drone attacks targeting civilian sites in the UAE.
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.
