Egypt mulls purchasing medical devices that use AI from General Electric

Mon, 06 Jun 2022 - 01:45 GMT

The minister said that Egypt is particularly interested in devices that screen patients for brain tumors.

GE drags premier U.S. corporate debt, which posts worst year since 2008

Mon, 31 Dec 2018 - 09:28 GMT

General Electric Co’s (GE.N) securities have weighed on both markets as the 126-year-old conglomerate founded by Thomas Edison has suffered staggering losses and asset writedowns.

Manjung power plant: A safe way to generate energy from coal

Thu, 09 Aug 2018 - 03:55 GMT

Energy giant General Electric (GE) managed to find a safe way to generate power from coal in Malaysia's Manjung coal-fired power plant

General Electric's power unit faces threat in Saudi Arabia

Thu, 19 Jul 2018 - 09:24 GMT

One of General Electric Co’s (GE.N) largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work.

GE nears deal to merge transportation unit with Wabtec - sources

Mon, 21 May 2018 - 08:50 GMT

A deal valuing the combined business at more than $20 billion could be announced as early as this week, the sources said.

Business News Wrap-up

Sat, 17 Mar 2018 - 05:30 GMT

A wrap-up of the most prominent business news of the day.

Communications Min., GE firm mull bilateral cooperation

Sat, 17 Mar 2018 - 02:29 GMT

Communications Minister discussed with the Senior Vice President and Chief Commercial Officer of General Electric means of boosting bilateral cooperation.

GE says it may face U.S. action over subprime mortgage operations

Sat, 24 Feb 2018 - 09:39 GMT

GE faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and WMC Mortgage Corp unit violated U.S. law.

GE eyes $4B in asset sales, has no plans to sell stock: CFO

Thu, 22 Feb 2018 - 10:07 GMT

General Electric has “line of sight” on the first $4 billion in asset sales under its plans for $20 billion in disposals.

GE exploring industrial gas engine business sale: Sources

Sat, 17 Feb 2018 - 10:08 GMT

General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion.

GE shares stumble to worst week since financial crisis

Sat, 20 Jan 2018 - 10:46 GMT

General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis.

Losses in GE keep Wall St in check

Mon, 23 Oct 2017 - 05:37 GMT

U.S. stocks traded in a narrow range on Monday, with losses in industrial shares led by GE offsetting gains in healthcare and technology sectors.

Business news wrap-up

Sat, 16 Sep 2017 - 06:37 GMT

A wrap-up for the most prominent business news of the day.

Egypt signs €290M agreement with EBRD for railway sector

Mon, 19 Jun 2017 - 01:28 GMT

Egypt has signed a €290 million ($324 million) agreement with the European Bank for Reconstruction and Development (EBRD), Minister of Investment Sahar Nasr said Sunday.

GE deal has 50% local component, first batch to arrive 2018

Sun, 18 Jun 2017 - 10:05 GMT

The local component of 100 new multi-use locomotives, to be supplied by United States’ General Electric (GE).

Egypt, GE to sign cooperation protocol Saturday

Sat, 17 Jun 2017 - 03:26 GMT

A cooperation protocol between the Ministry of Transport and the American multinational corporation General Electric (GE) is scheduled to be signed Saturday.

Immelt to depart as GE names new chief executive

Tue, 13 Jun 2017 - 04:50 GMT

General Electric announced a leadership shakeup on Monday as it faces scrutiny after a corporate makeover executed by outgoing chief Jeff Immelt in the wake of the 2008 financial crisis failed to ignite strong growth.

Cairo, GE discuss offer to supply Egypt with 100-200 railcars

Fri, 09 Jun 2017 - 12:32 GMT

Minister of Investment and International Cooperation Sahar Nasr discussed with the CEO of General Electric (GE) North East Africa, Ayman Khattab,