{"id":19462,"date":"2018-10-22T22:23:11","date_gmt":"2018-10-22T22:23:11","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=19462"},"modified":"2018-10-22T22:23:11","modified_gmt":"2018-10-22T22:23:11","slug":"ge-gets-a-badly-needed-win-in-iraq","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=19462","title":{"rendered":"GE gets a badly needed win in Iraq"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\">New York (CNN Business)<\/cite>General Electric&#8217;s beleaguered power business scored a badly needed win by reaching a preliminary agreement to rebuild Iraq&#8217;s war-torn electric grid.<\/p>\n<div class=\"zn-body__paragraph speakable\">Germany&#8217;s Siemens (<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=SIEGY\">SIEGY<\/a>) also signed a <a href=\"https:\/\/www.siemens.com\/press\/en\/pressrelease\/index.php\" target=\"_blank\">nonbinding agreement with Iraq<\/a>, setting the stage for the two rivals to compete over a final contract worth a reported $15 billion.<\/div>\n<div class=\"zn-body__paragraph speakable\">The news is a victory for GE (<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=GE\">GE<\/a>) because Siemens was the frontrunner to land the milestone deal by itself. Both companies have been hurt from the <a href=\"https:\/\/money.cnn.com\/2017\/12\/15\/investing\/general-electric-fossil-fuels-renewables-coal\/index.html\">shift away from fossil fuels<\/a> in favor of <a href=\"https:\/\/www.cnn.com\/2018\/09\/30\/investing\/coal-power-natural-gas-renewable\/index.html\">solar, wind and other renewable energy<\/a>. GE and Siemens have laid off <a href=\"https:\/\/money.cnn.com\/2017\/11\/16\/news\/companies\/siemens-job-cuts\/index.html\">thousands of power workers<\/a>. GE recently <a href=\"https:\/\/www.cnn.com\/2018\/10\/01\/business\/general-electric-ceo-flannery-culp\/index.html\">ousted its CEO<\/a> and warned of more financial pain from its power division.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)General Electric&#8217;s beleaguered power business scored a badly needed win by reaching a preliminary agreement to rebuild Iraq&#8217;s war-torn electric grid.Germany&#8217;s Siemens (SIEGY) also signed a nonbinding agreement with Iraq, setting the stage for the two rivals to compete over a final contract worth a reported $15 billion.The news is a victory&hellip;<\/p>\n","protected":false},"author":10,"featured_media":19463,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-19462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/19462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19462"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/19462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/19463"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}