Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
TotalEnergies and Bahrain’s Bapco Energies have launched BxT Trading, a 50-50 venture focused on trading output from the Sitra refinery. The partnership strengthens Bahrain’s downstream capabilities, expands TotalEnergies’ Middle East footprint, and aligns with refinery expansion plans exceeding 400,000 barrels per day.
Saudi Arabia’s Alat has acquired a 15% stake in TK Elevator and launched a €160 million ($166.62 million) joint venture to manufacture elevators and escalators locally. The JV will be headquartered in Saudi Arabia, supporting the kingdom’s vision to become a global leader in electronics and advanced industries.