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 aid ship reaches Egypt with vital supplies for Gaza
The UAE Humanitarian Ship, carrying 7,200 tonnes of food, shelter and medical supplies, has arrived at Egypt’s Port of Al Arish, ahead of its transfer to the Gaza Strip to support urgent relief efforts.
Dubai strengthens emergency preparedness with strategic partnerships
The Dubai Resilience Centre has signed three key agreements to boost the city’s emergency preparedness and crisis response capabilities.
Dubai sets global benchmark for urban governance with new accord
Dubai Municipality has unveiled the Dubai Declaration on the Future of Urban Governance, a landmark global accord launched at the 15th Asia Pacific Cities Summit, hosted at Expo City.
H.H. Sheikh Mohammed unveils MBR Endowment District
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister and Vice-President of the UAE and Ruler of Dubai, has unveiled the MBR Endowment District that will be built at a cost of AED 4.7 billion.
