BLOOMBERG UBS Group AG warned that wealthy clients are turning increasingly risk-averse, adding to challenges for Switzerland’s largest bank as it embarks on the complex task of integrating Credit Suisse Group AG. Shares of UBS fell as much as 5.4% in Zurich trading after the lender reported the weakest quarterly profit in more than three years, along with an outlook …

Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) reported a growth in net profit of 54% for the first quarter of 2023 to AED1.1 billion from AED715 million in Q1 2022, underpinned by healthy business growth and higher margins. Revenue for Q1 2023 improved by 45% to AED2.0 billion compared to AED 1.4 billion in the corresponding period of …

DUBAI / GULF TIME Airline pilots connect people with places and help create treasured memories —whether it’s an unforgettable holiday, a rock concert, a friend’s wedding or a mother’s warm hug. So on World Pilots’ Day, Emirates salutes its highly skilled aviators for their contributions to global travel and the airline’s business, while continuing to recruit First Officers and seasoned …