UAE economy tightens as Gulf war drags jobs and pay cuts, threatening India remittances

Hospitals and hotels are cutting jobs while firms brace for revenue collapse

As the Gulf war continues, the UAE’s economy is showing early signs of stress. Hospitality, travel, and food and beverage firms are cutting jobs and reducing salaries, shifting focus from targets to survival. If the slowdown deepens, it may weigh on remittances sent to India by workers, with companies turning to cost controls similar to earlier pandemic measures.