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The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

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Consolidated net profit reached $2.94 billion during 2025.

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Total income rises by 12 percent, operating profit up 13%.

Chinese firms will build 1,000 schools in Iraq

  • Iraq will pay for the project of building school using oil products
  • The country needs 8,000 schools to fill the gap in the education sector

Iraq has signed agreements with two Chinese companies to build 1,000 schools in the country in the space of two years, an Iraqi government official said on Sunday, December 19.

The country needs a total of 8,000 schools “to fill the gap in the education sector,” a housing ministry official, Hassan Mejaham, was quoted as saying by the official Iraqi News Agency.

The deals were signed on Thursday in the presence of Prime Minister Mustafa al-Kadhemi, with Power China, to build 679 schools and Sinotech the remaining 321.

Despite being rich in oil, Iraq has suffered for decades from crumbling infrastructure because of successive wars and endemic corruption.

Construction of the schools is due to be completed in two years, with the first delivered a year after work begins “very soon,” Mejaham said.

He added that Iraq would pay for the project using oil products.

A second phase will see the construction of an additional 3,000 schools, with 4,000 more to be built in the final phase.

“Decades of conflict and under-investment in Iraq have destroyed what used to be the best education system in the region,” UNICEF said on its website, adding that “one in every two schools is damaged and needs rehabilitation.”

In the country of 40 million people, “there are close to 3.2 million school-aged Iraqi children out of school,” it said.

The World Bank warned in October that already low levels of education levels were further threatened by the coronavirus pandemic and called for international investment in the sector.