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Haier was founded as Qingdao Refrigerator Co. in 1984. With China opening up to world markets, foreign corporations began searching for partnerships in China. One of these, Germany's refrigerator company Liebherr, entered into a joint-venture contract with Qingdao Refrigerator Co., offering technology and equipment to its Chinese counterpart.
On June 6, 2016, Qingdao Haier (now Haier Smart Home Company) acquired GE Appliances for $5.6 billion. Under the terms of the sale, Haier has the right to use the GE brand name until 2056. GE Appliances launched a refreshed tagline ("good things, for life") in 2017, [ 14 ] [ 15 ] [ 16 ] a nod to its history with General Electric, which used the ...
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The domestic supply price farmers receive in Egypt is E£1,200 (US$211) per ton compared to approximately E£1,940 (US$340) per ton for import from the US, Egypt's main supplier of wheat and corn. Egypt is the U.S.'s largest market for wheat and corn sales, accounting for US$1 billion annually and about 46% of Egypt's needs from imported wheat.
Egypt has received United States foreign aid since 1979 (an average of $2.2 billion per year) and is the third-largest recipient of such funds from the United States following the Iraq war. Egypt's economy mainly relies on these sources of income: tourism, remittances from Egyptians working abroad and revenues from the Suez Canal. [214]
European Universities in Egypt (University of London (incl. LSE), University of Central Lancashire, University of East London) EUE 2021 (2021, 2021, 2024) [50] Future University in Egypt: FUE: 2006 [51] Misr International University: MIU: 1996 [52] Misr University for Science and Technology: MUST: 1996 [53] Hertfordshire University In Egypt: UH ...
On 22–26 July 1952, the Free Officers, a group of disaffected officers in the Egyptian army founded by Gamal Abdel Nasser, and headed by General Muhammad Naguib, initiated the Egyptian Revolution of 1952 with the overthrowing King Farouk, whom the military blamed for Egypt's poor performance in the 1948 War with Israel and lack of progress in fighting poverty, disease, and illiteracy in ...
Egypt was successful in abolishing the Mixed courts in 1937, [42] [43] repealing the Public Debt Commission in 1940, and negotiating the 1936 Anglo-Egyptian treaty. This treaty limited the extent of British troops in Egypt (except with regards to the Suez canal and the Sudan), and the creation of a proper Egyptian military.