27 Apr 2021 - 9:11
The Qatari education sector is embracing a digital evolution as schools adapt to a new normal amid the pandemic.
During the COVID-19 crisis, more than 1.7 billion students were affected globally, according to the World Bank. In the last year, Qatari teaching institutions have turned to education technology (edtech) to enable continuous learning amid coronavirus breakouts.
The Gulf overall has emerged as a fast-growing market for edtech companies, with global players citing an annual 500 percent increase in platform subscribers from the Middle East in 2020, according to the ‘Edtech – Entrée or Main Course?’ report from RedSeer Consulting.
Despite the pandemic, the quality of the Qatari education system remains high, according to research firm Alpen Capital. In 2020, Qatar allocated 10.5 percent of its total budget towards education – markedly higher than the 9.3 percent earmarked in 2019.
Lithium chemical players Orocobre, Galaxy agree on $3 1-billion merger
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Acceleration of new lithium projects looks set to be the biggest outcome of a $4 billion merger between Orocobre and Galaxy Resources, with the man who will lead the merged entity declaring it will be âfull speed aheadâ on a long list of growth projects.
Orocobre and Galaxy currently have one lithium production asset each, but the merged entity could have four in the medium term, a new downstream processing plant plus a raft of brownfield expansion options.
The sequencing of those growth projects looms as a major decision for Orocobre chief executive Martin Perez De Solay, but on Monday he indicated projects were more likely to be accelerated rather than delayed once the merger was formalised.
Publishing date: Apr 18, 2021 • 1 hour ago • 2 minute read •
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MELBOURNE Australian lithium miner Orocobre Ltd is buying smaller domestic peer Galaxy Resources for $1.4 billion to create the world’s fifth most valuable producer of the key raw material for electric vehicle batteries.
The all-stock deal for A$1.78 billion ($1.38 billion)announced on Monday, which will also establish Australia’s most valuable lithium miner with a A$4 billion market capitalisation, comes as demand for the material is booming amid a jump in global sales of electric vehicles.
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“It’s overwhelmingly positive. On a high level, you have got significant synergies with both businesses having an Argentina base,” said analyst Reg Spencer of broker Canaccord Genuity.
Shares of both companies hit more than three year highs in early trade, with Orocobre gaining about 6% to A$6.56 and Galaxy rising 4% to A$3.75.
Both companies have significant expansion plans, putting the merged company on track to produce more than 130,000 tonnes of lithium carbonate equivalent (LCE), up from around 40,000 tonnes now, with operational synergies and global diversity to make it a major global player, Spencer added.
Orocobre and Galaxy, which operate the Olaroz and Sal de Vida lithium projects in Argentina, respectively, are looking to consolidate their assets in the country.
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