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GE to open offices in Iraq

Serena Chaudhry reports for Reuters:

General Electric Co (GE.N) is opening its first offices in Iraq, in the cities of Baghdad, Basra and Arbil, part of the largest U.S. conglomerate's effort to boost its presence in the resource-rich Middle East.

The world's largest maker of electric turbines and jet engines plans to hire more than 200 Iraqi citizens over the next three years. GE has already reached deals to sell more than 60 gas turbines to the country and sees opportunities to sell equipment Iraq will need to build up its oil industry.

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