Business News from Friday, November 6th, 2026
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ADNOC Gas, SNOC sign agreement to advance UAE gas network integration
ADNOC Gas and Sharjah National Oil Corporation (SNOC) have signed a strategic collaboration agreement to explore a range of strategic opportunities aimed at strengthening gas supply security and enhancing the resilience of the UAE’s energy infrastructure.
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Tesla to pull the plug on Cybertruck after years of poor sales
Tesla will wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks.
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Investors wipe $2.5 trillion off Nasdaq as blue tsunami prompts AI fears
Tech-led Nasdaq has notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data center construction, after Democrats won big in US midterm elections.
News
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H.H. Sheikh Hamdan honours winners of inaugural Dubai-it AwardHis Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, has honoured 13 winners of the inaugural 'Dubai-it Award', which celebrates exceptional achievements by individuals, projects, institutions and companies across various sectors.
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Ras Al Khaimah reopens several beaches to the publicSeveral beaches in Ras Al Khaimah have reopened to the public, with access to remaining locations set to resume in phases.
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Abu Dhabi expands EV charging points in public parking areasAbu Dhabi has brought hundreds of new electric vehicle charging units into operation across public parking areas, as part of efforts to encourage greener transport across the emirate.
