Latest news with #LEAP
USA Today
8 hours ago
- Sport
- USA Today
Who will be the next amateur to earn an LPGA card through LEAP? The next month is crucial
Lottie Woad became the first amateur to graduate from the tour's new LPGA Elite Amateur Pathway (LEAP) program and will make her pro debut next week in Scotland. So, who's next? The LPGA designed the program with the idea that only amateurs with exceptional records would reach the threshold of 20 points. Last November, when the tour outlined the new program to its membership, officials noted that in the past 12 years, Lydia Ko, Leona Maguire and Rose Zhang were the only players who would've earned enough points to qualify for a card. The LPGA didn't want this to necessarily be an annual thing – more like every three to four years. Before Woad won the 2024 Augusta National Women's Amateur, she had only one LEAP point from the 2023 Arnold Palmer Cup. She earned two points with the ANWA victory and that came with a host of major championship starts, which Woad took advantage of with top-25 finishes in the 2024 Chevron Championship and 2024 AIG Women's British Open. When she reached No. 1 amateur in the world, she earned another three points, and the 2024 Mark H. McCormack Medal garnered another four. In all, Woad earned 19 points in the span of 15 months. Woad turned professional this week, which means she'll drop off the rankings, as former No. 2 Mirabel Ting did after making her pro debut last week at Evian. The next month is crucial for accumulating points as the McCormack Medal will be decided after the U.S. Women's Amateur at Bandon Dunes, which ends Aug. 10. The medal comes with four points and exemptions into the U.S. Women's Open and AIG Women's British Open. A player could reach No. 1 for the first time and win the medal in short order, taking a total of seven LEAP points. Winning the U.S. Women's Amateur earns two points and a chance to play in four majors. Oregon's Kiara Romera currently ranks No. 2 in WAGR, but it's worth noting that her 2023 U.S. Girls' Junior title will soon roll off the two-year window. Two Spanish players who play for Stanford – Andrea Revuelta Goicoechea and Paula Martin Sampedro – are Nos. 3 and 4, respectively. Martin Sampedro has an exemption into the Women's British at Royal Portrush for her win at the 2025 Women's British Amateur. As for the current LEAP standings, Anna Davis now leads the way with nine points. Maria Jose Marin is second with eight and Jasmine Koo has seven. Kiara Romero, Rachel Heck (who has no intent on turning pro) and Catherine Park have six points. The window for earning LEAP points is any given year, plus the previous three calendar years.
Al Etihad
9 hours ago
- Business
- Al Etihad
Sanad reports robust H1 2025 revenue of Dh3.2 billion as global orderbook surpasses Dh38 billion
17 July 2025 19:16 ABU DHABI (ALETIHAD)Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company PJSC (Mubadala), today announced strong financial and operational results for the first half of 2025, reinforcing its role as a strategic enabler of the UAE's aviation and industrial recorded revenues of Dh 3.2 billion for H1 2025, marking a 39% increase over the same period last year, driven by continued momentum across its Maintenance, Repair, and Overhaul (MRO) and Asset Management divisions. Building on its Dh 4.92 billion achieved in 2024, Sanad is on track to achieve projected full-year revenues of Dh 5.4 billion in 2025. With 99% of H1 2025 revenues generated from international markets, Sanad is not only expanding its global footprint but also channeling international revenue streams into the UAE economy, reinforcing Abu Dhabi's position as a net exporter of advanced aerospace services and a rising force in the global aviation value chain. Expanding Global Orderbook and Strategic Agreements The Group's global orderbook has reached an all-time high of Dh 38 billion, driven by long-term agreements with key partners and an expanding global footprint. Notable developments include Sanad's entry into the Pratt & Whitney GTF MRO Network as the first and only provider in the SAMENA region, as well as the expansion of MRO operations to Al Ain through its strategic partnership with AMMROC. New engine maintenance agreements were signed with leading global airliners such as Lion Air and Garuda Indonesia, while the Group strengthened its long-standing collaboration with CFM International to provide full overhaul services for LEAP-1A and LEAP-1B MRO division has successfully inducted 90 engines in the first half of 2025 and is on pace to complete 210 inductions by year-end, a 30% increase over 2024. This growth has been enabled by major infrastructure and tooling investments to expand capacity and meet rising global demand. Investing in Infrastructure, Tooling, and expanded Capabilities As part of its long-term strategy to position Abu Dhabi as a global hub for engine MRO, Sanad is investing over Dh 150 million to expand and modernize its infrastructure, tooling, and facility capacity, laying the foundation for accelerated growth and enhanced service delivery worldwide:Upgraded engine test cell to enable full live testing of CFM LEAP engines, supporting both current and future customer requirementsCommenced phased rollout of full LEAP engine MRO capabilities, positioning Sanad among a select group of global MRO providers equipped to service this high-demand platformAdded new critical engine component repair capabilities for both LEAP and GEnx engines, marking a major milestone in expanding its advanced repair expertise and supporting faster turnaround times for airline parallel, Sanad expanded its Abu Dhabi headquarters by 3,600 sqm and commissioned a new 5,000 sqm MRO facility in Al Ain in partnership with AMMROC. These strategic investments significantly elevate Sanad's global competitiveness, technical capabilities and operational resilience, reinforcing its role as a catalyst for industrial innovation in the UAE and a trusted partner in the global aerospace value chain. Asset Management and Leasing Milestones Sanad continued to advance its position as a global asset management leader in H1 2025, executing high-impact transactions that are redefining aftermarket capabilities and strengthening its role in the global aviation supply chain. The Group acquired a portfolio of Rolls-Royce Trent 700 engines from Etihad Airways, significantly expanding its global asset management portfolio. In parallel, Sanad completed a strategic parts portfolio sale to AerSale, enhancing its aftermarket support one of the most notable transactions in the aviation leasing sector, Sanad also finalized a landmark Dh 400 million engine and component sale with AerCap Materials, marking one of the largest asset sales of its kind to strategic milestones reflect Sanad's agile, value-driven approach to asset management and underscore its growing influence in shaping the future of the global aviation aftermarket. Workforce Growth and Emirati Talent Development Sanad's success is driven by its people and the ability to attract, retain, and develop high-caliber talent in an increasingly competitive global aerospace market. Amid global talent shortages, the Group continued to grow and invest in future-ready capabilities:The workforce grew by 15% year on year, reaching 621 employees, including 51 new hires this year Emiratization rose to 34.6%, up from 28.3% in H1 2024 Delivered over 1384 training hours in H1 2025, focused on advanced MRO skills, safety, and leadership. In H1, Sanad signed an MoU with GE Aerospace to drive immersive training and knowledge exchange. In parallel, two Emirati engineers began a six-month exchange program at Rolls-Royce facilities in the UK, part of a strategic initiative announced last year during the Farnborough structured programs like the Sanad Technical Development Programs, Future Leaders Program, and OEM-certified trainings, are designed to cultivate a world-class aerospace talent Siddiqui, Group Chairman of Sanad, stated: "Sanad's strong performance in the first half of 2025 reflects strategic clarity, disciplined execution, and the continued trust of our global partners. What sets Sanad apart is its unwavering commitment to building future-ready capabilities—investing in people, technology, and global collaborations. Through knowledge exchange and advanced technical development, Sanad is helping shape a resilient, knowledge-based aerospace ecosystem that embodies the UAE's bold industrial vision. It stands as a powerful example of how UAE-born champions can deliver sustainable growth, global relevance, and lasting impact."Mansoor Janahi, Managing Director and Group CEO of Sanad, said: "Our performance in H1 2025 reflects the strength of our strategy, execution, and long-standing global partnerships. The expansion of our LEAP and GTF capabilities, the successful asset sale transactions, and our investments in infrastructure and talent all underscore Sanad's growing influence on the global aerospace stage. By embedding innovation into everything we do, whether through advanced MRO solutions or transformative talent development, we are not only meeting the evolving needs of our customers but also reinforcing Abu Dhabi's position as a global hub for aerospace excellence.' Looking ahead With a strong H1 foundation, Sanad is poised to deliver continued growth in H2 2025. The Group will advance global partnerships, scale infrastructure, and drive innovation to support rising demand for advanced MRO and asset management services. As Sanad continues to shape the future of aerospace, it remains committed to strengthening the UAE's industrial ecosystem and expanding its leadership across the global aviation value chain.
Business Insider
a day ago
- Business
- Business Insider
GE Aerospace (GE) Is About to Report Q2 Earnings. Here's What to Expect
GE Aerospace (GE) is scheduled to announce its results for the second quarter of 2025 on Thursday, July 17. GE stock has rallied about 59% year-to-date, as the maker of defense and commercial aircraft engines is experiencing solid demand amid geopolitical tensions and a resilient travel market. Furthermore, the U.S. government recently granted GE Aerospace approval to restart exports of jet engines to China. Wall Street expects GE Aerospace to report earnings per share of $1.43, reflecting a year-over-year growth of 19.2%. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Revenue is estimated to come in at $9.59 billion. GE Aerospace's Q2 performance is expected to gain from robust commercial engine demand, impressive defense contracts, and strong aftermarket services business. The company delivered market-beating results for the first quarter of 2025. As reflected in Main Street Data's chart below, GE Aerospace's Q1 2025 orders increased by 11.8% year-over-year to $12.3 billion. Investors will focus on the company's ability to maintain strong momentum in its orders. Analysts' Views Ahead of GE Aerospace's Q2 Earnings Heading into Q2 results, Citi analyst Jason Gursky increased the price target for GE Aerospace stock to $296 from $227 and reiterated a Buy rating. As part of the preview of the Q2 earnings of the aerospace and defense sector, the 5-star analyst stated that he sees continued momentum across the group. Also, Bernstein analyst Douglas Harned reiterated a Buy rating on GE stock with a price target of $254. The 4-star analyst noted that the investor update planned for June 17th in Paris was canceled in the wake of the Air India 787 crash. Harned added that his expectation for the investor update was that the company would provide some upside to its 2025 guidance and longer-term outlook. Meanwhile, his discussions with GE, Safran (SAFRY), and Airbus (EADSF) indicated that LEAP Engine deliveries improved significantly in Q2, enabling Airbus to maintain its 820 airplane delivery guidance. That said, only 21 LEAP engine-powered A320 family airplanes were delivered in June, implying that there is a long way to go in the second half. Harned stated that he will seek further clarity on LEAP deliveries. GE has maintained the guidance at a 15% to 20% increase in LEAP engine deliveries for 2025. The analyst expects GE to provide positive commentary on trends for spare parts and maintenance, repair, and overhaul (MRO) activity, which is the largest source of earnings growth for the company. Harned also expects the widebody engine aftermarket to remain strong. AI Analyst Is Cautious on GE Stock Ahead of Q2 Print TipRanks' AI stock analysis assigns a Neutral rating to GE Aerospace stock, with a price target of $269, indicating a 1.64% upside potential. The AI analyst's rating is based on strong financial performance, offset by valuation concerns and technical indicators that indicate a potential pullback. Here's What Options Traders Anticipate Ahead of GE Aerospace's Q2 Earnings Using TipRanks' Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don't worry, the Options tool does this for you. Indeed, it currently says that options traders are expecting about a 6.04% move in either direction in GE stock in reaction to Q2 results. Is GE Stock a Good Buy Now? With 12 Buys and one Hold recommendation, GE Aerospace stock scores a Strong Buy consensus rating on TipRanks. The average GE stock price target of $250.30 indicates a possible downside of 5.4% from current levels.
Sharjah 24
a day ago
- Business
- Sharjah 24
SRTI Park launches Maxbyte Industry X.0 Innovation Hub
The initiative stems from a strategic partnership between SRTI Park and Maxbyte Technologies, a leading industrial deep tech company headquartered in Abu Dhabi. The new hub is positioned to become a regional catalyst for Industry 4.0 transformation, enabling companies—especially SMEs—to adopt digital, robotic, and decarbonization technologies that enhance competitiveness, productivity, and sustainability. Hussain Al Mahmoudi, CEO of SRTI Park, said during the inauguration: 'We are proud to launch the Maxbyte Industrial Hub from within SRTI Park—a step that marks a pivotal moment in supporting industrial modernization across the UAE and the wider region. The hub offers a real opportunity for manufacturers to access transformative tools, digital strategies, and new frameworks that will allow them to scale efficiently and smartly.' The Maxbyte Industry X.0 Innovation Hub is built on five key pillars: Innovation, Transformation, Education, Career Development, and Community Building. It aims to train 6,000 skilled professionals and engage over 125 companies in Industry 4.0 adoption by 2028. More than 75 specialized training programs are planned over the next three years, complemented by an annual Industry X.0 Innovation Festival and ongoing meetups for industrial leaders. Ramshankar CS, CEO of Maxbyte, said: 'This hub is where forward-thinking manufacturers will forge their futures. We have designed it as an agile transformation platform where enterprises can adopt digital tools, embrace automation, and build future-ready teams equipped for the next industrial era.' Among the key initiatives presented during the launch were advanced programs in Quantum Computing, Semiconductor Design & Manufacturing, Machine Tools & Smart Production, and the company's flagship LEAP program, which integrates innovation, education, and workforce readiness. The hub has already conducted over 200 ITTI readiness assessments, laying the groundwork for regional transformation. It aims to impact more than 1,500 individuals and become a cornerstone for job creation and talent development in the UAE's industrial sector. The launch of the Maxbyte Industry X.0 Innovation Hub aligns with the UAE's national Operation 300bn strategy, which is focused on boosting the industrial sector's contribution to GDP, strengthening local manufacturing, and attracting high-tech investments. SRTI Park continues to lead as one of the fastest-growing innovation ecosystems in the Middle East, providing world-class infrastructure and a thriving collaborative environment that bridges government, academia, and the private sector to shape the future of research, innovation, and industrial excellence in Sharjah and beyond.
CairoScene
2 days ago
- Business
- CairoScene
Saudi Arabia Captures 56% of MENA Venture Capital in H1 2025
Backed by Vision 2030 and strong government support, Saudi Arabia attracted more than half of all MENA VC funding in H1 2025, positioning itself as the region's top innovation hub. Jul 16, 2025 Saudi Arabia accounted for 56% of all venture capital deployed in the MENA region during the first half of 2025, securing $860 million across 114 deals, according to MAGNiTT's latest MENA Venture Investment Report. The total exceeds the Kingdom's entire VC funding for 2024, underlining growing investor confidence and continued support for startups under the Vision 2030 framework. This performance places Saudi Arabia at the forefront of regional investment activity, with the UAE coming second at $447 million, followed by Turkey ($226 million), Egypt ($185 million), and South Africa ($183 million). The Kingdom's rise has been fuelled by strong government-led initiatives, including support from Saudi Venture Capital Company (SVC), which continues to deploy funding through SME-focused and early-stage channels. The increase is attributed to regulatory reform, sovereign support, and a national strategy aimed at strengthening the private sector. The data also reflects a broader trend of regional diversification, with Saudi Arabia drawing attention from both local and international funds. While Singapore led emerging market VC performance globally, Saudi Arabia is now viewed as a serious contender with momentum driven by its economic transformation agenda. Further investment activity is expected to continue throughout the second half of 2025, bolstered by international events such as LEAP and continued public-private collaborations.
