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Press Release

SAIIC and GE sign MoU for US$3 (SAR11.25) billion joint investments to expand localized manufacturing in Saudi Arabia

May 23, 2016
  • Roll-out of over US$1 billion joint investments over the next year followed by potential investment of US$2 billion in oil & gas, power & water, aviation, digital and other sectors from 2017
  • Projects to contribute to transformation of Saudi economy through industrial diversification, value chain localization, strengthening private sector and SME investment and creating quality jobs for Saudi nationals

Jeddah, Saudi Arabia; May 23, 2016: Saudi Arabian Industrial Investments Company (SAIIC


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Press Release

GE announces new partnerships & investments to support Saudi Arabia as global manufacturing & digital industrial hub

May 23, 2016
  • Focus on economic & industrial diversification, localized manufacturing & productivity enhancement in the Kingdom
  • To create over 4,000 Saudi jobs & extend training for 1,000 Saudi women and SME entrepreneurs

Jeddah, Saudi Arabia; May 23, 2016: GE (NYS


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Press Release

GE Completes Sale Of Commercial Lending And Leasing Assets In Australia And New Zealand To Bain Capital Credit

May 18, 2016

FAIRFIELD, Conn. - May 03, 2016 - GE (NYSE: GE) has completed the previously announced agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand (A&NZ) to Bain Capital Credit, advised and partially financed by Deutsche Bank. The transaction includes about US$1.2/A$1.6 billion in ending net investment (ENI). Terms of the transaction were not disclosed.


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Press Release

GE's New 2 MW Wind Turbines Score More than a Gigawatt of U.S. Capacity in First Quarter

May 18, 2016
Press Release

GECAS' Cargo Aircraft Group Underway With First 737-800NG Passenger-to-Freighter Conversion

May 16, 2016

NORWALK, CONN - May 16, 2016.  GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE [NYSE: GE], today announced that it is underway with its inaugural 737-800NG passenger-to-freighter conversion with Miami-based Aeronautical Engineers, Inc. (AEI). GECAS announced the launch of its AEI passenger-to-freighter conversion program at the Paris Air Show in June 2015.


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5 Coolest Things On Earth This Week

Submitted by admin on

5 Coolest Things On Earth This Week

This week we learned about a subsea dig into the massive crater left behind by the asteroid that helped wipe out the dinosaurs, mice that took a two-week vacation aboard a space shuttle and returned to Earth with damaged livers, and a cell that breaks one of the most basic laws of biology. Take a look.

This Robotic Hand Can Learn New Tricks On Its Own

Press Release

GE Healthcare and Uppsala BIO form a new partnership

May 13, 2016

CHALFONT ST. GILES, UK and UPPSALA, SWEDEN - 13 May 2016 - GE Healthcare Life Sciences continues to invest in Uppsala. The company signs a two-year collaboration agreement with Uppsala BIO. The goal is to find technologies and equipment that support the production and processing of biopharmaceuticals in the future. “Although we are a large, international company, it is rare that we form this type of active technology scouting partnerships”, says Jonas Åström, Head of Strategic technologies for BioProcess, GE Healthcare Life Sciences.


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Press Release

GE Launches HealthyCities Leadership Academy to Accelerate Population Health in Communities Across America

May 11, 2016

GE and partners to provide funding, expertise and growth opportunities to identify novel approaches to improving community health 

OSSINING, NEW YORK - MAY 11, 2016 - GE announced today the HealthyCities Leadership Academy, a program that encourages U.S. communities to work together to develop population health improvements by partnering with public and private entities. The U.S. Chamber of Commerce Foundation supports these ambitious goals and will collaborate with GE’s healthymagination commitment on the initiative.


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Press Release

GE Appliances Continues to Create Excellence with Perry Homes Partnership Extension

May 11, 2016

LOUISVILLE, Ky.-May 11, 2016-(NYSE:GE)-GE Appliances has been selected as the exclusive appliance partner of Perry Homes, a leading U.S. residential homebuilder based in Texas, for the next three years. This agreement is an extension of more than ten years of partnership with the companies.


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