Dubai, September 25, 2002 ---- General Electric has announced the merge of its GE Appliances and GE Lighting businesses to form GE Consumer Products. The new scheme, which combines the two operations globally, is effective immediately and will be mutually beneficial for both businesses.
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Kuwait, September 19, 2002 ---- GE Aircraft Engines has won a contract to supply GE T700-701C helicopter engines to the Government of Kuwait. The new engines will power the government's new fleet of 16 Boeing AH-64D Apache Longbow attack helicopters.
The contract, valued at US$30 million, allows for the supply of 32 engines to be installed on the new fleet of helicopters, as well as four spares. The T700-701C powers the latest AH-64A/D Apaches and H-60 Black Hawk variants.
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Dubai, July 31, 2002 ---- GE's second-quarter earnings of $4.426 billion, a 14% rise over second quarter 2001 and the highest growth in any quarter in the Company's history, "demonstrate that our key strategic initiatives and business model have successfully steered growth in all of our businesses around the world, including the Middle East," said Nabil Habayeb, National Executive, General Electric, Gulf.
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Dubai, UAE, July 2, 2002 ---- GE Power Systems, the energy services business of General Electric, has today signed two Contractual Service Agreements with Ras Laffan Liquefied Natural Gas Company Ltd. (RLLNG) and Ras Laffan Liquefied Natural Gas Company Ltd. II (RLLNGII) in Qatar.
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Riyadh, KSA, June 11, 2002 ---- Arab National Bank (ANB), a leading Saudi commercial bank, has chosen GE Global eXchange Services (GXS), a leader in business-to-business internet commerce, to provide the software and services for a major e-business initiative.
The bank will use GXS's Saudi*Tradanet, an electronic transaction engine, and GXS's Application Integrator, a mapping and translation tool, to provide seamless exchange of information between ANB and its 17 correspondent banks in Asia and the Middle East.
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Dubai, UAE, May 7, 2002 ---- GE Aircraft Engines has won a contract to supply GE F110 fighter engines to the Royal Air Force of Oman (RAFO). The new engines will power the RAFO's new fleet of 12 Lockheed Martin F-16 aircraft.
The contract, valued at more than US$50 million, makes Oman the 10th country in the world to select the F110 engine family for its F-16 fighter fleet.
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Dubai, UAE, March 5, 2002 ---- GE Power Systems (GEPS) presented the company's latest technological advances and innovations in power generation, oil & gas, transmission & distribution, network solutions, and air quality services, at its annual State-of-the-Art (SOA) Technology Seminar and Power Expo held yesterday.
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Riyadh, KSA, April 21, 2002 ---- GE Global eXchange Services (GXS), a leader in business-to-business electronic commerce is a major sponsor in e-Commerce Saudi Arabia 2002, one of the most prestigious e-Commerce and e-Government events in the Middle East. The forum, which runs from April 21st to 24th, is being held in Riyadh, the centre of the largest information technology market in the Middle East.
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Dubai, UAE, April 8, 2002 -- GE Power Systems launches a new gas turbine Service Centre in Abu Dhabi today.
The Service Centre will be managed by Gulf Turbine Services - a joint venture between General Electric and Gulf Aircraft Maintenance Company (GAMCO) which was established in November 2001 to carry out repairs on GE and non-GE designed gas turbine components in the UAE.