Bahrain Marina Development signs CBRE for premium project
Spanning a 250,000sqm area, Bahrain Marina boasts 128 retail units across high-end retail outlets, international restaurants, and renowned cafes. The project also includes luxury residential facilities, a marine club, and a five-star hotel. Bahrain Marina is one of the new waterfronts in the capital that aims to transform the shopping, tourism, and entertainment landscape.
Under the agreement, CBRE Bahrain will manage the day-to-day operations of commercial facilities and develop an innovative leasing plan. This plan will involve identifying tenant quality, creating a commercial distribution map, and ensuring a balanced mix of retail, hospitality, and complementary services. This appointment aligns with Bahrain Marina's objective to attract global partners, ensuring a shopping and entertainment experience that enhances the project's appeal as an integrated urban destination.
The Bahrain Marina Development Company has emphasised that the appointment of CBRE Bahrain marks a significant step towards elevating the commercial value of the project's components, and laying the groundwork for a shopping experience in the Kingdom. Strategically located on the east coast of Manama, Bahrain Marina is a waterfront project that was developed with an investment of US $527mn.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
ME Construction
3 hours ago
- ME Construction
Bahrain Marina Development signs CBRE for premium project
Bahrain Marina Development Company has appointed CBRE Bahrain to oversee the retail units within the project. CBRE Bahrain will develop a comprehensive leasing strategy that includes selecting the optimal mix of brands, planning the commercial area, and implementing occupancy strategies, said a statement. Spanning a 250,000sqm area, Bahrain Marina boasts 128 retail units across high-end retail outlets, international restaurants, and renowned cafes. The project also includes luxury residential facilities, a marine club, and a five-star hotel. Bahrain Marina is one of the new waterfronts in the capital that aims to transform the shopping, tourism, and entertainment landscape. Under the agreement, CBRE Bahrain will manage the day-to-day operations of commercial facilities and develop an innovative leasing plan. This plan will involve identifying tenant quality, creating a commercial distribution map, and ensuring a balanced mix of retail, hospitality, and complementary services. This appointment aligns with Bahrain Marina's objective to attract global partners, ensuring a shopping and entertainment experience that enhances the project's appeal as an integrated urban destination. The Bahrain Marina Development Company has emphasised that the appointment of CBRE Bahrain marks a significant step towards elevating the commercial value of the project's components, and laying the groundwork for a shopping experience in the Kingdom. Strategically located on the east coast of Manama, Bahrain Marina is a waterfront project that was developed with an investment of US $527mn.
Arabian Post
8 hours ago
- Arabian Post
UAE Embeds Robo-Advisers in Federal Financial Framework
Arabian Post Staff -Dubai The Securities and Commodities Authority has granted formal approval for licensed portfolio management firms to offer robo-advisory services across the UAE mainland, marking a substantial enhancement to the nation's digital investing infrastructure. This federal authorisation extends beyond the jurisdiction of financial free zones such as the Dubai International Financial Centre and Abu Dhabi's FSRA, bringing all robo-investment services under a unified regulatory umbrella. The move is expected to reinforce protections for retail investors via stricter oversight and compliance requirements. ADVERTISEMENT Under the new regime, firms will deliver automated investment recommendations powered by artificial intelligence and advanced algorithms. These platforms evaluate individual risk profiles to design tailored asset allocations, typically leveraging exchange‑traded funds or index funds at lower cost than conventional advisory channels. The SCA mandates a comprehensive governance framework: independent IT audits, stringent cybersecurity protocols, periodic algorithm reviews and transparent disclosures of fees and investment risks. Licensed providers will adhere to the existing discretionary and non‑discretionary portfolio management frameworks within client agreements. SCA CEO Waleed Saeed Al Awadhi described the regulation as a manifestation of the UAE's strategic digital transformation. He stated that integrating AI into investment decision-making will enhance efficiency and create 'smart, sustainable, and secure financial solutions,' reinforcing the UAE's goal of becoming a world-class financial hub. Market analysts note that assets under management in global robo-advisory were forecast to reach US $2.06 trillion in 2025, with user numbers hitting 34 million by 2029. In the UAE, platforms such as Sarwa, StashAway and Baraka currently operate under DIFC and FSRA regulation, but this federal licence allows them to onboard mainland clients directly. Retail investor appetite for technology-driven investment options has surged, as seen in the rising adoption of zero‑commission trading platforms including Robinhood, eToro and Interactive Brokers. The introduction of a federal licence for robo‑advisers is expected to broaden participation further. Industry experts emphasise both promise and caution. Vijay Valecha, chief investment officer at Century Financial, applauds the harmonisation of regulation across jurisdictions, stating it 'provides further protection and transparency to retail investors' and bolsters international competitiveness. Raaed Sheibani of StashAway commented that the clearer regulation framework will 'expand digital investing in the UAE' and boost investor confidence. However, concerns endure regarding the limitations of algorithmic advice. Rupert Connor of Abacus Financial Consultants warned that robo-advisers often lack capacity to handle complex scenarios involving tax planning, inheritance, or behavioural guidance during volatile markets. Financial coach Jay Adrian Tolentino added that algorithm-based systems may miss elements of personal context that can be crucial. Technical vulnerabilities, including outages or system failures, also remain a potential risk. With stricter federal oversight, the SCA expects a rise in trust and participation from mainland investors, leveraging automation to democratise wealth creation. The initiative aligns with the UAE's broader 'We the UAE 2031' vision of fostering a knowledge-based, resilient economy through fintech innovation.
The National
8 hours ago
- The National
Brics leaders condemn attacks on Iran and tell Israel to leave Gaza
Brics leaders condemned US and Israeli attacks on Iran and called on Prime Minister Benjamin Netanyahu's government to withdraw troops from the Gaza Strip, urging 'just and lasting' solutions to conflicts across the Middle East. In a joint statement released early on Monday morning, leaders gathered in Brazil agreed to denounce military strikes against Iran, a Brics member, since June 13, when Israel began attacks that culminated with US airstrikes nine days later. The strikes 'constitute a violation of international law and the Charter of the United Nations,' according to the declaration. The 10-member bloc of emerging-market nations also expressed 'grave concern about the situation in the Occupied Palestinian Territory' — citing Israeli attacks and the obstruction of the entry of humanitarian aid into Gaza, something Israel denies — while calling for a permanent and unconditional ceasefire, along with the release of all hostages. The language is part of a broader call for global multilateral institutions, including the United Nations Security Council, to promote peaceful resolutions to ongoing military conflicts in the Middle East, Africa and Europe. While it doesn't single out the US, it is likely to be seen as an unwelcome intervention in Israeli affairs as Netanyahu prepares to meet US President Donald Trump at the White House on Monday, Bloomberg reported. 'South Africa remains gravely concerned at the deteriorating peace and security situation in the Middle East,' President Cyril Ramaphosa told fellow leaders during his opening statement Sunday in Rio de Janeiro. 'The recent attacks by Israel and the United States on the Islamic Republic of Iran raise serious concerns of international law, including the principles of sovereignty, territorial integrity and the protection of civilians.' Defence spending and tariffs Brics leaders additionally 'express alarm' at the current trend of 'a critical increase in global military spending.' That's another clash with Trump's demand that Nato countries raise defence spending to 5 per cent of gross domestic product, a request that was met at last month's summit of alliance members in The Hague with a particular focus on facing down aggression by Russia, a founding Brics member. Brics leaders also expressed 'serious concerns' about the rise of unilateral tariff and non-tariff measures, which distort trade and are inconsistent with WTO rules,' again without mentioning the US. Brazilian President Luiz Inacio Lula da Silva, who is hosting the two-day summit, opened Sunday's session by reiterating the group's longstanding calls to reform the Security Council to make it more representative of the Global South. The Brics bloc, named for Brazil, Russia, India, China and South Africa, recently expanded to add Indonesia, Ethiopia, the United Arab Emirates, Iran and Egypt as members, an effort to increase its clout in global affairs long dominated by Washington and the West. 'Brics is increasingly shaping global debates on development, multipolar governance and security matters,' Mr Ramaphosa said in his remarks. 'We must continue to advocate for the urgent intensification of diplomatic efforts to de-escalate tensions and ensure sustainable and lasting peace.'
