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FINANCIAL NEWS
Omani firms to invest USD 1.03mn in broadcast networks
13 Apr 2016
(MENAFN) Power firms in Oman aim to invest almost USD 1.03mn for increasing and upgrading transmission and distribution networks this year.
Accordingly, the firms have invested almost USD 1.035mn in transmission networks to expand and enhance services by delivering more than 90 percent.
In addition, this achievement enabled the companies to increase its network reliability and increase the number of customers by 7 percent to surpass 1mn.
The operating performance indicators showed development with a reduction in distribution loss from 10.3 percent in 2014 to 9.5 percent in 2015.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
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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