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FINANCIAL NEWS
Oman rural areas elect consumers grow by 7pct
23 Aug 2016
(MENAFN) The whole number of consumers of Rural Areas Elect Co. (Raeco) increased by 7.4 percent to 33.187 by the end of 2015, from 30.904 customers.
Furthermore, 70 percent of Raeco customers are in local category and consume almost 49 percent of whole energy supplied.
In addition, the total consumption of other categories is almost 17 percent, while the consumption pattern may change in the future.
Rural power generation also grew from 757 GWH in 2014 to 863 GWH, a growth of 14 percent in total power generation.
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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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