Latest news with #engineering
Zawya
4 hours ago
- Science
- Zawya
Eritrea: Mai-Nefhi College of Engineering and Technology Graduates 383 Students
In its 18th commencement, Mai-Nefhi College of Engineering and Technology graduated 383 students, including 44% female graduates, in degree and diploma programs yesterday, 19 July. The degree program graduates include 13 in Agricultural Engineering, 26 in Chemical Engineering, 30 in Civil Engineering, 39 in Computer Science and Technology, 27 in Electrical and Electronics Technology, 27 in Mechanical Technology, and 28 in Mining Technology. The diploma program graduates include 23 in Automotive Technology, 28 in Computer Application, 18 in Computer Technology and Networking, 13 in Construction Technology, 23 in Electrical Technology, 24 in Electronics Technology, 26 in Mining Technology, 11 in Surveying, and 11 in Cooling System Technology. Dr. Araya Zeray, Dean of the College, stated that since its establishment in 2004, the College has been providing higher education in eight fields of study in degree programs and nine in diploma programs, significantly contributing to the production of professionals who play a vital role in the country's economic development. Dr. Araya further noted that the College has 79 academic staff members—44 foreigners and 35 nationals. He also mentioned that as part of ongoing staff development efforts, 18 staff members are currently pursuing master's and PhD programs abroad in Russia, China, India, Hungary, and Japan. A representative of the graduates, commending the support of parents, lecturers, and the college community, expressed their commitment to live up to the expectations of the Government and people who provided them with the opportunity for higher education. The honorary guest, Mr. Abraha Asfaha, Minister of Public Works, underlined the significance of engineering and technology in national economic development and called on the graduates to apply their knowledge practically in their respective workplaces. Since its establishment, Mai-Nefhi College of Engineering and Technology has graduated 7,671 students in degree and diploma programs. Distributed by APO Group on behalf of Ministry of Information, Eritrea.
Arab News
21 hours ago
- Business
- Arab News
Boeing, Alphavest to launch 5 excellence centers in Morocco
JEDDAH: Morocco is set to enhance its global aerospace profile through a new partnership between Alphavest Capital and Boeing, which will launch five centers of excellence dedicated to engineering and high-precision manufacturing. The Casablanca-based investment firm and the US multinational corporation have signed a memorandum of understanding to jointly develop aerospace centers in Morocco. This move is also poised to significantly elevate the North African country's position in the global aerospace value chain. The two parties will collaborate to enhance logistics capabilities, with a focus on engineering for airplane transport systems, including tubes, ducts, hoses, fittings, complex standard machined parts and sheet metal, secondary structures, particularly composite components, and metal processing and distribution. The development, part of a 2016 agreement between Boeing and Moroccan authorities, highlights the manufacturing company's commitment to strengthening the country's industrial base and supply chains. Majid Benmlih, chairman and CEO of Alphavest, said the 'historic' agreement with Boeing marks Morocco's emergence on the global aerospace stage. 'It highlights the kingdom's position as a best-value destination for aerospace in terms of risk, quality, cost, and delivery,' he said. 'This agreement is the result of several years of collaboration between Alphavest Capital and Boeing, especially through the creation and growth of TDM Aerospace.' Morocco hosts 150 aerospace firms that generate €2.5 billion ($2.7 billion) annually and employ 26,000 workers across key cities. The sector focuses on fuselages, structural components, cabin interiors, and wiring systems. With competitive costs and a workforce that trains 23,000 engineers annually, the nation aims to expand into cabin outfitting, landing gear, and commercial aircraft assembly within the next decade. Ihssane Mounir, senior vice president of global supply chain and fabrication at Boeing Commercial Airplanes, said they are proud to partner with Alphavest to further develop Morocco's aerospace supply chain capabilities and cultivate a high-performing, skilled workforce. 'This agreement reinforces our commitment to supporting the Kingdom's vision of establishing Morocco as a key player in the global aerospace industry,' Mounir added.
Trade Arabia
a day ago
- Business
- Trade Arabia
KBR secures EPCM contract renewal with Basra Oil Company
Global engineering company KBR has announced that it has secured the renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company (BOC) for the Majnoon Oil Field for an additional two years. Under the contract, KBR will continue to provide comprehensive EPCM services to help BOC sustain forecasted production capacity, enhance operational efficiency, maximize local content, and drive continued safety improvements. "This contract extension is a testament to the strong working relationship between KBR and BOC, and further reinforces KBR's ongoing commitment to Iraq's national energy strategy and the sustainable development of the Majnoon field, one of the most strategic assets in the country," said Jay Ibrahim, the President for KBR Sustainable Technology Solutions. "KBR is committed to support local development and contribute to Iraq's long-term domestic capacity enhancement," he added. Kadhim Kareem, the CEO of Majnoon Field at Basra Oil Company, said: "KBR will continue to be our strategic partner in EPCM projects in Majnoon, successfully supporting our long-term development goals and maximizing field potential through safe, efficient, and sustainable project execution." KBR's team in Iraq comprises a high number of local professionals to meet the targeted percentages at the Majnoon site and other regional hubs, ensuring the seamless execution of ongoing and upcoming projects as part of the Growth II Program, he added.-TradeArabia News Service
Yahoo
a day ago
- Business
- Yahoo
What to Expect From ANSYS' Q2 2025 Earnings Report
Valued at a market cap of $32.9 billion, ANSYS, Inc. (ANSS) is a leading provider of engineering simulation software used to design and test products across industries such as aerospace, automotive, healthcare, and electronics. Headquartered in Canonsburg, Pennsylvania, the company delivers advanced, physics-based simulation solutions that help drive innovation, improve product performance, and reduce development costs. ANSYS is expected to unveil its Q2 2025 earnings after the market closes on Wednesday, Jul. 30. Ahead of this event, analysts expect ANSYS to report adjusted earnings of $1.96 per share, reflecting a growth of 3.7% from $1.89 per share reported in the same quarter last year. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on another occasion. More News from Barchart Warren Buffett's Berkshire Hathaway Earns $93,150 Every Hour from Coca-Cola Dividends Alone OpenAI CEO Sam Altman Calls DeepSeek's Bluff: 'I Don't Think They Figured Out Something Way More Efficient' These Are the Highest Yielding Dividend Aristocrats Today (Entire List) Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2025, analysts project ANSYS to deliver an adjusted earnings per share of $8.26, in line with its fiscal 2024 performance. ANSS stock has surged 13.3% over the past 52 weeks, lagging behind the S&P 500 Index's ($SPX) 13.6% gain and the Technology Select Sector SPDR Fund's (XLK) 16.3% return during the same period. On April 30, shares of ANSYS declined marginally after the company posted mixed results for Q1 2025. Its revenue for the quarter grew 8.2% year-over-year to $504.9 million but fell short of Wall Street expectations. Similarly, adjusted earnings rose 18% to $1.64 per share, yet still came in below analyst forecasts. Analysts' consensus view on ANSS is cautious, with an overall "Hold" rating. Among 10 analysts covering the stock, nine recommend a "Moderate Buy,' and one gives a 'Strong Sell' rating. The stock currently trades above its mean price target of $359.88. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Bury company pays tribute to former managing director
A Bury engineering business has paid tribute to one of its former leaders following his death. Exentec Hargreaves, based in Lord Street, Bury, has expressed condolences following the death of its former managing director Brian Ward, 84, following his death on Monday, July 7. Mr Ward retired from Exentec almost 20 years ago after 48 years with the company. Working as managing director for 10 years, he completed his career as chairman of the division that also included several other senior group companies. Mr Ward first joined in 1956 after leaving Bury Technical School and began training as an apprentice sheet metalworker at Exentec Hargreaves' own in-house training school and at Bury Technical College. Get the latest news delivered straight to your inbox by signing up to the Bury Times morning newsletter as well as our breaking news alerts. While still an apprentice, he began working as a fitter on-site at paper mills throughout the UK and abroad before moving to London in 1959 to work on high profile projects such as the Esso HQ, the Hilton Hotel and others. Mr Ward spent 24 years leading installation teams including on many high-profile projects including the facilities used to test the prototype Concorde aircraft at Farnborough. The role involved a very specialised air handling system, using revolutionary lightweight stainless-steel ductwork. This system was able to put Concorde through its paces by subjecting the airframe to air pressurisation and temperature changes equivalent to 40 years' flying time. He was appointed contracts administration director in 1978, then works director in 1980 and finally managing director in 1993. READ NEXT: High school praised for showing 'highest level of care' to students READ NEXT: Joy for accountancy firm worker after Made In Bury Weekly £2,000 Draw As well as leading Exentec, Mr Ward was also appointed a director of Senior Construction Services the following year. This was a division of Senior Engineering Plc, which included various ventilation and construction businesses. He was a 'passionate advocate of training' and continued to support local training groups in his retirement, including as a governor of Bury College. He was also a director of the North Manchester Chamber of Commerce, Bolton and Bury Chamber and independent engineering training provider, Alliance Learning. A spokesperson for Exentec Hargreaves said: 'Respected by colleagues and friends alike, Brian's loss is deeply felt by those who knew and worked with him. 'At this sad time, our heartfelt thoughts are with Brian's family. May he rest in peace.'
