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.
H.H. Sheikh Hamdan approves second AED 1.5bn economic incentives package
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 approved an additional AED 1.5 billion support package for Dubai’s business sector.
H.H. Sheikh Khaled reflects on ADIA's success in 50th anniversary
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has highlighted that the 50th anniversary of Abu Dhabi Investment Authority (ADIA) represents a strategic milestone in the Emirate’s transformational economic journey.
UAE minister affirms prospering economic model amidst regional developments
UAE's Minister of Economy and Tourism Abdulla bin Touq Al Marri has affirmed that the country continues to operate an economic model that is adaptable to global changes.
UAE plans nationwide Eid celebrations for workers
The Ministry of Human Resources and Emiratisation (MoHRE) will organise Eid Al Adha celebrations for workers at 30 locations across the UAE.
10:00am - 1:00pm
1:00pm - 4:00pm
