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 airlines cancel more flights to US due to severe snowstorm
Emirates Airlines and Etihad Airways have cancelled more flights to and from New York, Newark and other destinations in the United States after a severe snow storm struck the country's Northeast.
Emirates faces delays due to heavy fog
Emirates Airline has announced some delays on flights arriving and departing at Dubai International Airport due to heavy fog conditions and reduced visibility across the UAE.
UAE reaffirms support to Kuwait following maritime sovereignty concerns
The UAE has reaffirmed its solidarity with Kuwait after Iraq's submission of a map with a list of coordinates to the United Nations that raises potential implications for Kuwait's rights over its maritime areas and waters, including Fisht Al-Eid and Fisht Al-Eij.
UAE issues alert over foggy conditions
The UAE weather authorities have issued a red and yellow alert on Monday as heavy fog reduced visibility across some parts of the country.
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