Saturday 18 April 2015
 
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GE

GE posts $13.6bn loss on finance sale charges

General Electric has reported a $13.6 billion first-quarter loss on charges from its plan to sell most of GE Capital as profits rose in four of seven industrial businesses. The big loss had been expected after GE said a week ago t

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GE to focus on industrial business; sell bulk of finance unit

General Electric will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing. The compan

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SEC-GE joint venture to boost power plant ops

Saudi Electricity Company (SEC) and GE recently signed a Memorandum of Understanding (MoU) to set up a joint venture that will extend operations and maintenance (O&M) support to SEC’s power plants in the kingdom. GE will

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GE to expand Saudi manufacturing facilities

GE has announced plans to expand its manufacturing facilities in Saudi Arabia for the production of HA gas turbines at the GE Manufacturing & Technology Center and the setting up of a first-of-its-kind regional LED manufacturing facility.

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GE achieves 50pc efficiency on 10MW gas engine

GE Power & Water’s Distributed Power business recently achieved 50.1 per cent electrical efficiency on its 10-megawatt (MW) gas engine platform in a test environment in Austria. “As a technology leader in the distr

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GE, Egypt ink strategic healthcare pact

GE Healthcare has signed a partnership agreement with the Egypt Ministry of Health (MoH) to boost the country’s healthcare technology management system, with plans to establish a biomed center of excellence in the country. T

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Regional allies pledge $12 billion to Egypt

Gulf Arab allies pledged a further $12 billion of investments and central bank deposits for Egypt at an international summit on Friday, a big boost to President Abdel Fattah al-Sisi as he tries to reform the economy after years of political uphe

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GE to invest $200m in Egypt manufacturing facility

General Electric is investing $200 million in a manufacturing and training facility in Egypt's Suez City and had delivered a shipment of gas turbines to supply its grid. The $200 million investment would focus on power generat

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GE to invest $200m in Egypt manufacturing facility

General Electric is investing $200 million in a manufacturing and training facility in Egypt's Suez City and had delivered a shipment of gas turbines to supply its grid. The $200 million investment would focus on power generat

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Mubadala GE plans benchmark-size bond as soon as April

Mubadala GE Capital is considering a return to the bond market as early as April as it seeks cash to fuel its lending business, sources aware of the matter said on Thursday, joining a growing number of Gulf-based borrowers looking at new fundrai

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