RIYADH: Saudi Arabia's Al Rajhi Bank has reported a net profit of SR4.1 billion ($1.09 billion) in the first quarter of 2022, up 24 percent from the same period a year ago, according to a bourse filing. The total operating profit of the bank rose to SR6.9 billion in Q1, up 16.9 percent from Q1 2021, and up 1.4 percent when compared with the previous quarter. The bank’s total
Oil-exporting countries in the Middle East and North Africa region are expected to register stronger growth next year, driven by accelerated vaccination programmes, higher oil prices and Opec+’s policy to gradually increase production in line with improved demand. The UAE’s economy is projected to grow 5.8 per cent next year, while Saudi Arabia, the largest .