GE, Abu Dhabi fund strike global partnership
NEW YORK, NEW YORK - General Electric Co. and an Abu Dhabi-based sovereign fund have agreed to a global partnership that includes a commercial finance business, research center for clean energy and water, and plans to expand GE's aircraft engine service and repair in the Middle East.
GE and Mubadala Development Co. plan to each allocate $4-billion (US) in equity to the commercial finance venture over three years.
Mubadala is a sovereign fund based in Abu Dhabi, the capital of the United Arab Emirates.
Related News

U.S. Grid overseer issues warning on Coronavirus
WASHINGTON - The top U.S. grid security monitor urged power utilities to prepare for the new coronavirus in a rare alert yesterday, adding to a chorus of warnings from federal and private organizations.
The North American Electric Reliability Corp. called for power providers to update business continuity plans in case of a pandemic outbreak and weigh the need to prioritize construction or maintenance projects while the COVID-19 virus continues to spread.
NERC is requiring electric utilities to answer questions on their readiness for a possible pandemic by March 20, an unusual step that underscores the severity of the threat to U.S. power…