Latest news with #EagleHills
Trade Arabia
15-05-2025
- Business
- Trade Arabia
Binaa Al Bahrain launches operations; flagship Bayview to follow
Binaa Al Bahrain, a newly formed real estate developer backed by Eagle Hills Diyar and strategic partners, has commenced operations, the company said on Thursday (May 15). The developer also announced the upcoming launch of its flagship residential project, Bayview, which is set to open later this month in Bahrain Bay. The Bayview project will offer premium living with stunning waterfront views, contemporary architecture, generous open spaces, and a lively promenade featuring select retail and leisure outlets. Binaa Al Bahrain said the move reflects Bahrain's push for integrated and sustainable urban development, aiming to strengthen its position as a prime destination for real estate investment in the region. Mohamed Alabbar, Chairman of Binaa Al Bahrain, stated: "Our experience with Eagle Hills showed us how to turn vision into tangible success. With Binaa Al Bahrain, we're continuing that journey — driven by a unified strategy to develop future-ready urban spaces. Bahrain offers a resilient, investor-friendly environment, and what we build here will shape the next chapter of urban development in the region.' Dr. Maher Al Shaer, Managing Director, added: "We are committed to a people-centric approach that prioritises thoughtful planning and design. In the coming months, we'll announce new partnerships and projects set to launch across strategic locations in 2025 and beyond.' The company aims to deliver human-focused urban communities that align economic potential with social needs. With this forward-looking agenda, Binaa Al Bahrain said it is poised to drive the next wave of real estate development in the kingdom — revitalising key areas, supporting economic diversification, and contributing to a dynamic, livable urban future aligned with Bahrain's national vision. -TradeArabia News Service.
Zawya
15-05-2025
- Business
- Zawya
Binaa Al Bahrain launches operations; flagship Bayview to follow
Binaa Al Bahrain, a newly formed real estate developer backed by Eagle Hills Diyar and strategic partners, has commenced operations, the company said on Thursday (May 15). The developer also announced the upcoming launch of its flagship residential project, Bayview, which is set to open later this month in Bahrain Bay. The Bayview project will offer premium living with stunning waterfront views, contemporary architecture, generous open spaces, and a lively promenade featuring select retail and leisure outlets. Binaa Al Bahrain said the move reflects Bahrain's push for integrated and sustainable urban development, aiming to strengthen its position as a prime destination for real estate investment in the region. Mohamed Alabbar, Chairman of Binaa Al Bahrain, stated: "Our experience with Eagle Hills showed us how to turn vision into tangible success. With Binaa Al Bahrain, we're continuing that journey — driven by a unified strategy to develop future-ready urban spaces. Bahrain offers a resilient, investor-friendly environment, and what we build here will shape the next chapter of urban development in the region.' Dr. Maher Al Shaer, Managing Director, added: "We are committed to a people-centric approach that prioritises thoughtful planning and design. In the coming months, we'll announce new partnerships and projects set to launch across strategic locations in 2025 and beyond.' The company aims to deliver human-focused urban communities that align economic potential with social needs. With this forward-looking agenda, Binaa Al Bahrain said it is poised to drive the next wave of real estate development in the kingdom — revitalising key areas, supporting economic diversification, and contributing to a dynamic, livable urban future aligned with Bahrain's national vision. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Arabian Business
09-04-2025
- Business
- Arabian Business
Al Salam Bank-Bahrain
Al Salam Bank-Bahrain The Manama bank to offer Eagle Hills customers competitive profit rates, a grace period of up to six months and loyalty reward points Al Salam Bank-Bahrain Benefits include unlimited free delivery on food and grocery orders and exclusive discounts for 12 months; available to first 3,500 customers Al Salam Bank-Bahrain Net profit attributable to shareholders for Q4 2024 is $44.3 million, while that for the full year 2024 is $156.5 million Al Salam Bank-Bahrain Portal introduces three new features in Bahrain – switch functionality; Admin User and flexible payment execution Al Salam Bank-Bahrain KFH acquisition helps increase total assets by 34.1% to $18.3 billion; Financing assets and customer deposits up 37.9% and 39.3% respectively Al Salam Bank-Bahrain Kuwait Finance House's asset base of $3.95 billion will substantially increase Al Salam's balance sheet by 28% Al Salam Bank-Bahrain Al Salam Bank-Bahrain chairman confirms discussions with Ithmaar Holding for potential acquisition of assets Al Salam Bank-Bahrain Al Salam Bank is offering financing solutions with no administrative fees Al Salam Bank-Bahrain Ben Harburg of MSA Capital says Chinese companies are moving into emerging technology markets such as the Middle East, which has a lower e-commerce penetration rate and large unbanked populations.
Arabian Business
12-02-2025
- Business
- Arabian Business
UAE real estate developer Eagle Hills buys land in Hungary for $12.4bn Grand Budapest project
UAE real estate developer Eagle Hills Group has announced that it signed a real estate purchase agreement for the land on which a mixed-use real estate development, the 'Grand Budapest' project will be built, to make an area that has been abandoned for decades flourish again. The guiding principle of the development is sustainability; it involves a smart city concept that incorporates energy-efficient buildings, renewable energy systems, and solutions for intelligent waste management. The Eagle Hills Group views health and education as cornerstones of prosperity and growth and thus the ' Grand Budapest ' project includes schools, sport and community facilities that enrich everyday life and promote development. UAE's Eagle Hills buys Grand Budapest development land Inspired by Budapest's rich cultural heritage, the development aims to respect the city's traditions while introducing modern elements that further enhance the character of the city. The planned development of the 100-hectare area will create 35-40 hectares of parks and vibrant public spaces. This development will not only restore a forgotten historical part of Budapest but also make it a global benchmark for human well-being, sustainability, and urban living. The name 'Grand Budapest' was chosen to encompass the wealth of opportunity, innovation, and formative impact this project represents. Eagle Hills Group has begun obtaining the necessary name approvals from the competent authorities. This envisioned development was launched with the support of the UAE government and the Hungarian government. With a development cost of €12bn ($12.4bn), Grand Budapest is set to boost the Hungarian economy by providing around 2 percent to GDP growth. It will create thousands of jobs during construction and operation, support local businesses, and increase tourism and the value of properties. Beyond the economic benefits, this development aims to redefine urban living by combining sustainability and modern design to create a higher living experience, community, and lifestyle.
Emirates 24/7
11-02-2025
- Business
- Emirates 24/7
Economic cooperation with UAE continuously prospering: Prime Minister of Georgia
Georgian Prime Minister Irakli Kobakhidze affirmed that relations between his country and the United Arab Emirates are witnessing remarkable development, with economic cooperation between the two nations continuously prospering. Kobakhidze highlighted the investment MoU signed by Eagle Hills and the Government of Georgia, involving a $5.5 billion investment in developmental projects in the cities of Tbilisi and Batumi. He described it as a strategic move that marks a significant turning point in Georgia's development trajectory. Speaking to the Emirates News Agency (WAM) on the sidelines of the World Governments Summit, which commenced today in Dubai, the Georgian Prime Minister emphasised that the strong ties between Georgia and the UAE are a key motivator for his participation in the summit. He also stressed that the WGS provides an excellent opportunity to discuss crucial global development issues, as it brings together elite experts and specialists with extensive global experience. The Georgian Premier noted that the summit covers various topics, including future development plans and global challenges, underscoring the importance of long-term planning for global development. Follow Emirates 24|7 on Google News.
