العربية
Business

Oman’s public revenues rise 16% to $25.6bn in first 9 months of 2026

Oman's public revenues increased by 16% to 9.828 billion rials in the first nine months of 2026, driven primarily by higher oil and non-oil revenues, resulting in a surplus of 90 million rials. Public expenditure rose by 9% to 9.738 billion rials, as the government implements its Vision 2040 strategy, which aims to enhance fiscal sustainability and economic growth.

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Business

Subdued Sales for Singles’ Day, China’s Online Shopping Festival, Signal Weak Appetite for Spending

Signs so far show Singles’ Day, China ’s biggest online shopping festival, is failing to entice worried consumers into splashing out more, even when they are offered bargains. Singles’ Day, a landmark discount campaign similar to Black Friday and Cyber Monday sales in the US, is focused on Nov. 11, or 11-11, which is Wednesday. But it starts weeks earlier and is seen as a barometer for the broader economy.

Asharq Al-Awsat English