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The clear proof of strong friendship
The clear proof of strong friendship

Daily Tribune

time21 hours ago

  • Business
  • Daily Tribune

The clear proof of strong friendship

Member of Parliament Hassan Ibrahim has welcomed the suite of major agreements signed by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, during his official visit to the United States. He described the deals — valued at an estimated $17 billion — as a clear proof of the strong friendship binding Bahrain and the U.S. 'These agreements move the Bahrain–US partnership into a new phase,' said Mr Ibrahim. He added: 'They show how determined the leadership is to draw in investment, open up job opportunities and build national skills for the good of everyday Bahrainis.' Among the standout agreements is a major aviation deal that will see Gulf Air acquire new aircraft and engines from Boeing and General Electric. In parallel, Bahrain's sovereign wealth fund Mumtalakat has committed up to $2 billion to support industrial projects in the U.S., particularly in aluminium-linked manufacturing. Bahrain's digital ambitions also took a leap forward with plans to build a strategic undersea cable linking the Kingdom with neighbouring Gulf states. Meanwhile, the signing of a civil nuclear cooperation accord — known as the 123 Agreement — paves the way for Bahrain to explore peaceful atomic energy as part of its long-term net-zero strategy. The Kingdom also entered into new partnerships with American tech giants Oracle and Cisco to accelerate its digital transformation and advance capabilities in artificial intelligence and other emerging technologies. Mr Ibrahim extending his best wishes for Bahrain's continued progress and prosperity under the guidance of its leadership.

Bahrain Signs Major Deal with U.S. for 18 Boeing Dreamliners and 36 GE Engines for Gulf Air
Bahrain Signs Major Deal with U.S. for 18 Boeing Dreamliners and 36 GE Engines for Gulf Air

Daily Tribune

time21 hours ago

  • Business
  • Daily Tribune

Bahrain Signs Major Deal with U.S. for 18 Boeing Dreamliners and 36 GE Engines for Gulf Air

Bahrain has signed a major aviation deal with the United States that will see Gulf Air receive 18 new Boeing 787 Dreamliner aircraft and 36 advanced engines from General Electric. The agreement was signed during an official meeting in Washington, D.C., attended by Shaikh Salman bin Khalifa Al Khalifa, Bahrain's Minister of Finance and National Economy and Chairman of Mumtalakat, and U.S. Secretary of Commerce Howard Lutnick. Shaikh Salman praised the long-standing relationship between Bahrain and the United States, calling it a partnership built on trust and shared goals. He said the new aircraft and engines will help modernize Gulf Air's fleet, improve its services, and support Bahrain's goal of becoming a regional aviation hub. 'This is a big step forward for Gulf Air and Bahrain,' he said. 'It shows our commitment to improving our airline and working with global partners like Boeing and GE.' Shaikh Salman also shared that Bahrain has signed a memorandum of understanding with Boeing to explore opening a local center for aircraft maintenance and repair. This would help train local talent and expand Bahrain's role in the aviation sector. The new deal is part of a larger set of agreements worth over $177 billion announced during the visit of His Royal Highness the Crown Prince to the U.S. It highlights Bahrain's focus on economic growth, innovation, and stronger global ties. Officials from both countries attended the signing ceremony, marking one of the biggest aviation deals in the region this year.

Bahrain Signs Major Deal With U.S. For 18 Boeing Dreamliners And 36 GE Engines For Gulf Air
Bahrain Signs Major Deal With U.S. For 18 Boeing Dreamliners And 36 GE Engines For Gulf Air

Gulf Insider

timea day ago

  • Business
  • Gulf Insider

Bahrain Signs Major Deal With U.S. For 18 Boeing Dreamliners And 36 GE Engines For Gulf Air

Bahrain has signed a major aviation deal with the United States that will see Gulf Air receive 18 new Boeing 787 Dreamliner aircraft and 36 advanced engines from General Electric. The agreement was signed during an official meeting in Washington, D.C., attended by Shaikh Salman bin Khalifa Al Khalifa, Bahrain's Minister of Finance and National Economy and Chairman of Mumtalakat, and U.S. Secretary of Commerce Howard Lutnick. Shaikh Salman praised the long-standing relationship between Bahrain and the United States, calling it a partnership built on trust and shared goals. He said the new aircraft and engines will help modernize Gulf Air's fleet, improve its services, and support Bahrain's goal of becoming a regional aviation hub. 'This is a big step forward for Gulf Air and Bahrain,' he said. 'It shows our commitment to improving our airline and working with global partners like Boeing and GE.' Shaikh Salman also shared that Bahrain has signed a memorandum of understanding with Boeing to explore opening a local center for aircraft maintenance and repair. This would help train local talent and expand Bahrain's role in the aviation sector. The new deal is part of a larger set of agreements worth over $177 billion announced during the visit of His Royal Highness the Crown Prince to the U.S. It highlights Bahrain's focus on economic growth, innovation, and stronger global ties. Officials from both countries attended the signing ceremony, marking one of the biggest aviation deals in the region this year.

GE Vernova (GEV) Beats Stock Market Upswing: What Investors Need to Know
GE Vernova (GEV) Beats Stock Market Upswing: What Investors Need to Know

Yahoo

time2 days ago

  • Business
  • Yahoo

GE Vernova (GEV) Beats Stock Market Upswing: What Investors Need to Know

In the latest trading session, GE Vernova (GEV) closed at $570.17, marking a +1.6% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. Meanwhile, the Dow experienced a rise of 0.52%, and the technology-dominated Nasdaq saw an increase of 0.74%. Shares of the the energy business spun off from General Electric witnessed a gain of 14.48% over the previous month, beating the performance of the Oils-Energy sector with its loss of 1.43%, and the S&P 500's gain of 4.2%. The investment community will be paying close attention to the earnings performance of GE Vernova in its upcoming release. The company is slated to reveal its earnings on July 23, 2025. In that report, analysts expect GE Vernova to post earnings of $1.64 per share. This would mark year-over-year growth of 130.99%. Our most recent consensus estimate is calling for quarterly revenue of $8.79 billion, up 7.13% from the year-ago period. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.46 per share and revenue of $37.15 billion, indicating changes of +33.69% and +6.35%, respectively, compared to the previous year. Investors should also note any recent changes to analyst estimates for GE Vernova. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.26% higher. GE Vernova is currently sporting a Zacks Rank of #3 (Hold). With respect to valuation, GE Vernova is currently being traded at a Forward P/E ratio of 75.21. This expresses a premium compared to the average Forward P/E of 19.89 of its industry. We can additionally observe that GEV currently boasts a PEG ratio of 4.18. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Alternative Energy - Other stocks are, on average, holding a PEG ratio of 2.41 based on yesterday's closing prices. The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 146, positioning it in the bottom 41% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Vernova Inc. (GEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio

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