The ministry signed with the American firm a deal worth $602.05 million.
Egyptian transport minister Kamel el Wazir went Saturday to Alexandria to celebrate the arrival of the fifth batch which consists of 30 train engines supplied by General Electric and transported by sea.
Source at ERA told Egypt Today that the delivery of the fifth batch of the General Electric train engines scheduled for mid-August has been postponed to September.
The batch will consist of 20 units bringing up the total supplied units to 90.
The memo falls within the framework of the state's shift to a digital society.
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.
The Ministry of Transportation denied the intention to privatize the railway facilities
Energy giant General Electric (GE) managed to find a safe way to generate power from coal in Malaysia's Manjung coal-fired power plant
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 fell 1 percent in extended trade following the announcement, while Walgreens jumped 3 percent.
New plant sales are “going to be tough,” Flannery said at an investor conference on Wednesday.
Communications Minister discussed with the Senior Vice President and Chief Commercial Officer of General Electric means of boosting bilateral cooperation.
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.
General Electric has “line of sight” on the first $4 billion in asset sales under its plans for $20 billion in disposals.
General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion.
General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis.
General Electric Co said on Friday it was laying off workers at its power division in Schenectady, New York.
General Electric's new chief executive vowed on Friday to shed more than $20 billion worth of assets.
U.S. industrial conglomerate General Electric Co (GE.N) said on Friday it promoted Jamie Miller.
The deal entails the provision and maintenance of the vehicles’ spare parts by GE for 15 years.