Nabil Habayeb: Powering Egypt's New Era of Growth

Nabil Habayeb, Senior Vice President GE, President & CEO, GE International Markets At GE

March 13, 2015

Even oil-rich nations need an energy boost. GE is working to provide one for Egypt.

Delivering power where it matters and when it matters has been a major challenge for policy makers across the world. Electricity fuels life and growth, and with the population continuing to increase around the globe, the demand for reliable and assured power supply is growing as well, often at exponential rates.

Economies run on power, and growing economies, like growing kids, are always hungry for more. Such is the case in Egypt, which is brimming with young workers. The median age of Egypt’s 85 million citizens is just over 25 years, and they need new jobs in factories demanding ever more energy.
But Egypt’s demand for electricity is already outstripping supply, and the government is seeking fast ways to boost it. GE has found one.

GE announced second-quarter 2014 operating earnings of $3.9 billion, with operating earnings per share of $0.39, up 8% from the second quarter of 2013.

Please click here to read the rest of the press release, in English.

Corporate Communications
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GE announced first-quarter 2014 operating earnings of $3.3 billion, with operating earnings per share of $0.33, down 15% from the first quarter of 2013. Excluding the 2013 NBCUniversal impact and restructuring and other charges, operating EPS was up 9% from the year-ago period.

Please click here to read the rest of the press release, in English.

Corporate Communications
[email protected]