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FINANCIAL NEWS
Oman Elect Co. to invest USD 776.65mn
20 Apr 2016
(MENAFN) The Oman Elect Transmission Co. (OETC) aims to invest USD 776.65mn over a three-year period for building new transmission lines for evacuating power.
Accordingly, half of this amount will be invested in helping evacuation of power from the power plant coming up at Sohar (Sohar 3) and Ibri.
Moreover, a group led by Mitsui signed a deal earlier this year to build two independent gas-fired combined cycle power plants with 3,150 capacities.
In addition, the firm had raised USD 1bn from overseas markets in 2015 for funding investment programs.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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