Bloomberg Stellantis NV plans to idle a Jeep-making factory in Belvidere, Illinois, citing challenges such as cost burdens due to the shift towards electrification of more models. The automaker said in a statement that the “difficult but necessary action,” effective Feb. 28, will result in layoffs of an unspecified number of workers, which will likely extend for more than ...

  Riyadh / WAM Mubarak Al Nakhi, Under-Secretary of the Ministry of Culture and Youth (MCY), participated in the 23rd session of the Conference of Arab Culture Ministers, which was held in the Saudi capital, Riyadh, under the patronage of His Highness Prince Badr bin Abdullah bin Farhan, Saudi Arabia’s Minister of Culture and Chairman of the National Committee for ...

  DHAHRAN / WAM The Saudi Arabian Oil Company (Aramco) and Shandong Energy group, are exploring collaboration on integrated refining and petrochemical opportunities in China. The companies have signed a memorandum of understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement, supporting Aramco’s role in building a thriving downstream sector in Shandong Province. The ...