Archive for the ‘USD’ tag

FOREX-Dollar dips, hovers near 15-year low vs yen

[at Reuters] – * Risk currencies firm after positive U.S. payrolls * Dollar looks vulnerable against yen, near 15-yr low * Euro up, near three-week highs vs USD

Senior Java Developer – 4 Vacancies Available!

Senior Java Developer – 4 Vacancies Available! SNS Consultancy Riyadh Saudi Arabia Ref HP977-408 SNS Consultancy The Role The Role Four outstanding Senior Java Developer roles available in Riyadh KSA working for leading international consultancy group The four successful candidates shall be working on a multi-million USD project from busin

Maharashtra, Delhi NCR top FDI list in India

Maharashtra attracted maximum foreign inflows at USD 1.53 billion (Rs 6,989 crore) and accounted for 35 per cent of the country’s total FDI during April-June this fiscal.

Obama announces $33 million for flood refugees in Pak

US President Barack Obama has signed an executive memorandum to provide USD 33 million for the refugees of Pakistan’s worst floods that have claimed over 1,700 lives and affected 20 million people.

India’s forex reserves swell to $282.84bn

After having declined for two consecutive weeks, country’s foreign exchange reserves grew by USD 293-million to USD 282.84-billion from the week before’s USD 282.55-billion.

Obama announces USD 33 million for flood refugees in Pak

US President Barack Obama has signed an executive memorandum to provide USD 33 million for the refugees of Pakistan’s worst floods that have claimed over 1,700 lives and affected 20 million people.

BP’s Mexican Gulf oil spill costs climb to $8 billion

British energy major BP today said it has spent nearly USD 8 billion as expenses related to the devastating Mexican Gulf oil spill, which much higher than last months intial estimate of USD 6 billion.

EXECUTIVE PASTRY CHEF 5 HOTEL BAHRAIN

AJP Salary USD4000 Apply online EXECUTIVE pASTRY CHEF 5 HOTEL BAHRAIN Our client a 5 hotel in Bahrain with popular dining venues and luxury accommodation is now looking for an experienced Executive pastry Chef The successful candidate will have energy and enthusiasm a passion for excellence strong creative and artistic pastry tal

EUR/USD: Trading the Change in U.S. Non-Farm Payrolls

[DailyFX] – The U.S. dollar could face increased selling pressures over the next 24 hours of trading as market participants anticipate the labor market to weaken for the third consecutive month in August, and the data is likely to reinforce a dour outlook for the world’s largest economy as private sector spending remains one of the leading drivers of growth.

US Dollar Forex Options Sentiment Points to Pullbacks

[DailyFX] – Sharp US Dollar declines have been met with similarly noteworthy shifts in FX Options market sentiment, thwarting calls for USD rallies through short-term trade. In past weeks we wrote plainly in favor of Dollar strength on the combination of overextended futures positioning and sharp correction in FX Options risk reversals.

US Dollar Forecast Turns Bearish vs Euro, Japanese Yen

[DailyFX] – EURUSD – Euro Forecast Turns Bullish Against US Dollar GBPUSD – British Pound Bias Calls for Weakness USDJPY – Japanese Yen Forecast to Gain Further USDCHF – Swiss Franc Likely to Strengthen against Dollar USDCAD – Canadian Dollar May Appreciate Against USD GBPJPY – British Pound Forecast to decline Against Japanese Yen View individual currency SSI charts in our FX Sentiment section Interested in building your own SSI-based strategy?

GROUP CFO-Leading Retail Homewares Brand-TAX FREE Saudi Arabia-Competitive Salary + Benefits at First Resort Global Recruitment

+ NEW VACANCY +

GROUP CFO

Leading Retail Homewears Brand

Saudi Arabia – TAX FREE

Up to 30k SAR per month / $95k USD per annum + benefits

valentina@frgr.org

Our client is a respected name in the field of homewears, carpets & rugs. The group has a long tradition in making carpets, thanks to the expertise they have gained over half a century. Today the company is regarded highly, not only in its home base of Saudi Arabia but also across all continents where their products are being used.

It has 3 carpets & rugs factories and from their early success they opened their first thread factory in 1996.

We are now looking for an experienced Chief Financial Officer for their expanding team.

JOB DETAILS:

• Participating in setting the company vision, mission and long and short terms strategic direction

• Participate in suggesting the expansion plans of the business and recommending actions to ensure long term organizational and financial effectiveness

• Participating in setting policies and strategic objectives as well as endorsing business programs and plans for the company

• Managing and overseeing the activities of finance, resources, and providing high level of support to the staff to enable the company of achieving competitive advantage

• Establish control function and approval procedures and performance reports, P&L’s, making needed decision in addition to achieving company’s financial

• Following-up the company assets and resources and ensuring full utilization of them

• Build a treasury and credit management function

• Establish strategic relationships with banks and ensure compliance with covenants

• Review accounting structures, management accounts and allocation keys

• Coordinate budgeting, business planning and performance measurement efforts

• Streamline monthly, quarterly and annual financial close and reporting process across group

• Manage a team of 5 – 6 finance staff

• Optimize costs to make sure organization remains lean

• Lead M&A evaluations and undertakings

• Supervise and strengthen the IT function

• Roll-out a new ERP or appropriate replacement system

• Roll-out with operations a total-cost manufacturing process and system

• Roll-out a sales / inventory management system for retail stores

• Supervise negotiations of key contracts

• Preparation company for an IPO

• Manage board and investors relations

• Establish relationships with auditor and 3rd parties

Jobs in Saudi Arabia
| Jobs in Jeddah
| Jobs in Riyadh
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REGIONAL SALES MANAGER-Leading Dairy Company-Up to $60k USD per annum TAX FREE + Benefits at First Resort Global Recruitment

Our client is one of the leading Dairy companies in Saudi Arabia. First established in the Kingdom years ago, the company is now very well respected and a leading producer of dairy products, juices, yoghurts and more.

An expanding company in Saudi Arabia and an excellent organization to be part of

OVERVIEW OF THE ROLE

• Will be assigned a region of Saudi Arabia to manage

• Regional Manager will be responsible of all Branches under his Authority in order to

achieve: volume, expense, debtor and business growth expectations

ESSENTIAL REQUIREMENTS

•Tertiary Degree/ Diploma in Food or Dairy Science preferred

•Should have a Sales background at a similar level with previous Dairy and/or Juices Industry experience, preferably in the Gulf

•10 years + relevant experience

•At least 5 years in a Management position

•Open to all nationalities with the right experience including Westerners looking to relocate to tax free Saudi

•Must have experience working within a Dairy/ Juice/ Short Shelf Life FMCG or Food background

•Fluent English speakers

Jobs in Saudi Arabia
| Jobs in Jeddah
| Jobs in Riyadh
| Apply Now

Exports grow by 13.2% in July

Exports grew by 13.2 per cent to USD 16.24 billion in July compared to the same period last fiscal, posting growth for the ninth month in a row.

EUR/USD: Trading the Change in U.S. Pending Home Sales

[DailyFX] – The ongoing weakness in the U.S. housing market could spark a larger-than-anticipated drop in pending sales of existing homes, and the data is likely to spark increased volatility the exchange rate as investors as investors weigh the prospects for future growth.

Islamic Real Estate Fund Director

A Billion USD Islamic Real Estate Fund has Launched they require a Real Estate Investment expert with exposure to Islamic Investment transactions and GCC real estate knowledge Bi-lingual English and Arabic preferred but not essential Nicola Beer Hays Recruiting Experts in Investment Banking Job Focus &bull&nbspReal Estate Investments Islamic S

Euro’s Prospects Could Brighten If ECB Raises Yield Expectations

[DailyFX] – The EUR/USD was battered on the day as a weak attempt from the BoJ to stem Yen strength saw stronger conviction in support for safe haven currencies. The dollar, franc and yen would rebound against the single currency after initial weakness to start the week.

EUR/USD Comes into Focus with ECB Rate Decision and NFP’s on Tap

[DailyFX] – The EUR/USD will come into focus this week with an ECB rate decision and the U.S. Non-farm payroll report on tap. A hawkish ECB President Trichet and a rise in U.S. unemployment could be the catalyst for a bullish rally in the pair.

EUR/USD Comes into Focus with ECB Rate Decision and NFP’s on Tap (DailyFX)

The EUR/USD will come into focus this week with an ECB rate decision and the U.S. Non-farm payroll report on tap. A hawkish ECB President Trichet and a rise in U.S. unemployment could be the catalyst for a bullish rally in the pair.

3M to buy Cogent in $943 mn deal

US-based 3M will snap up biometric solutions provider Cogent Inc in a deal valued at USD 943 million, a step that will bolster the technology firm’s product offerings.

RECRUITMENT CONSULTANT DUBAI UNITED ARAB EMIRATES

RECRUITMENT CONSULTANT DUBAI UNITED ARAB EMIRATES Job Details COMPANY INFORMATION is the worlds largest specialist recruitment consultancy with almost 7000 staff from 345 offices operating out of 28 countries across the globe with nett fees generated in the last financial year of USD $ 107 bn Our Dubai UAE office opened in 2005 and

Forex reserves decline by $242m

The country’s foreign exchange reserves declined for the second consecutive week, reaching USD 282.549 billion for the week ended August 20, down USD 242 million compared to previous week’s USD 282.791 billion.

India largest recipient of World Bank loans in 2009-10

India was the World Bank’s favourite last fiscal when it came to extending financial aid in the form of loans, both among developing countries and the world’s poorest nations. The World Bank, through its lending arms IBRD and IDA, committed USD 9.3 billion in financial assistance to India in the 2009-10 fiscal, more than the aid committed by the US and the European Union.

US Flood aid to Pakistan peaks at $200 million

The US has diverted $50 million from its long-term aid package to Pakistan, taking the total flood relief assistance to the country to USD 200 million. This USD 50 million chunk is money that will be redirected from other priorities.

British Pound Pares Advance as U.K. Investments Falter, Euro Holds Steady Ahead Of U.S. 2Q GDP (DailyFX)

The British Pound fell back from a high of 1.5544 during the European trade as the economic docket reinforced a weakened outlook for future growth, but the GBP/USD appears to have found intraday support ahead of the 200-Day SMA as price action holds above 1.5500.

US Dollar May See Further Declines Before Strength (DailyFX)

EURUSD – Euro Forecast Modestly Bullish Against USD GBPUSD – British Pound Bias Calls for Strength USDJPY – Japanese Yen Forecast to Gain Further USDCHF – Swiss Franc Likely to Strengthen against Dollar USDCAD – Canadian Dollar May Fall Against US Dollar GBPJPY – British Pound Forecast to decline Against Japanese Yen View individual currency SSI charts in our FX Sentiment section Interested in building your own SSI-based strategy?

Rebound in Risk Sentiment Weighs on U.S. Dollar, Japanese Yen (DailyFX)

A rebound in risk sentiment pushed the euro higher for the second day, with the exchange rate advancing to a high of 1.2745 during the overnight trade, but the lack of momentum to retrace the decline from the previous week is likely to keep the EUR/USD within a narrow range throughout the day as price action continues to hold below the 50-Day SMA at 1.2757.

EUR/USD: Trading the 2Q Preliminary U.S. GDP Report (DailyFX)

As market participants expect to see a downward revision in the second-quarter growth rate, the data is likely to spark increased volatility in the currency market as the world’s largest economy continues to face a risk for a protracted recovery.

Vedanta episode won’t tarnish India’s image: Montek

The Plan panel on Wednesday said the government’s refusal to accord environment clearance to Vedanta’s proposed USD 1.7 billion aluminium project in Orissa would not tarnish India’s image as an investment friendly destination.

Oil edges higher in Asia

Oil recovered in Asian trade today but prices remained under USD 72 amid worries about the fragile US economy, analysts said.

Closing bell prevents Tadawul market from sell-out

Saudi Arabia: With two gainers and 137 losing shares (five stocks ended flat), the Saudi Arabian Tadawul bourse witnessed one of its worst advance-decline ratio in the year, as the benchmark index TASI dipped 1.45% to 6,018.27 points. As oi prices dipped further on Monday, down 1.5% at around $71.86 as of the close of trading in Riyadg, energy and petrochemical shares weighed on the market. Bellwether Sabic plummeted 2.34%, finishing at SR83.50. Credit Suisse’s research daily stated today: “At current prices, we think oil is starting to look cheap. It will be important to see whether the market can find support at one of the next technical levels. In this regard, USD 71.80 will be an important level to watch.” [AMEInfo.com]

U.S. Dollar Benefits From Risk Aversion, Japanese Yen Rallies To 15-Year High (DailyFX)

Market participants continued to scale back their appetite for risk, with the EUR/USD extending the previous day’s decline to reach a fresh monthly low of 1.2603, and the shift in market sentiment may continue to drive the greenback higher throughout the day as it benefits from the rise in safe-haven flows.

Sterlite, Vedanta plunge 4% after Orissa project rejection

Shares of Vedanta Group company Sterlite Industries today plunged over 4 per cent after the government rejected environment clearance to the group’s USD 1.7 billion bauxite mining project in Orissa.

VP Enterprise Telecom Operator in the Gulf

International Marketing Consultant – USA consultancy firm – London-based – $28500000 USD – This is a unique opportunity for a talented product brand specialist to establish a sustainable international career within a leading USA consultancy firm at partnership level Ref GEA-20132 SpECIFICATION Our client is an established USA consultancy firm w

COT Data is US Dollar Bullish (DailyFX)

The Euro and British Pound have turned from bullish extremes following last week’s USD turn from a bearish extreme. The Australian Dollar remains at a bullish extreme.

Forex Strategy Outlook: US Dollar Strength Favors Trend-Following Systems (DailyFX)

Continued US Dollar and Japanese Yen strength makes trend-following forex trading strategies attractive through upcoming trade. Indeed, our algorithmic trading strategy bias remains unchanged from last week’s report when we made a similar argument for USD and JPY gains.

Euro Holds Steady, British Pound Pares Friday’s Decline Following Rebound In Risk Sentiment (DailyFX)

The Euro held a narrow range throughout the overnight trade, with the EUR/USD trading below the 50-Day SMA at 1.2739, and the single-currency may hold steady throughout the day following the mixed price action in the foreign exchange market.

Tadawul bourse ends flat at 6,090.87 points

The Saudi Arabian stock market only stabilised in a volatile trading on Sunday despite 73 gaining shares outnumbered 47 losers. Shares of August 9 listed Knowledge Economic City (KEC) rebounded by 1.14% at SR8.90. KEC stocks were issued at SR10 in a May IPO this year worth $272m. Sabic was the most liquid stock, as the market bellwether added 0.59% and finished at SR85. Twenty-four stocks ended flat in Riyadh. The Tadawul market touched a one-month low after oil prices weakened to $73. Credit Suisse research writes in its latest commodity market analysis that “amid still lacklustre US demand, we see little chance of a break out of the USD 70-80 range for the time being.”

‘Acceptance of Indian aid boosts Pak image’

Pakistan, which agreed to accept USD 5 million Indian aid for flood victims following prod by the US, has claimed that the move has enhanced its diplomatic image since refusal would have gone against its insistence on resumption of dialogue.

Indo-Pak precedent of help during natural disasters: Qureshi

Following the acceptance of India’s USD 5 million for flood relief efforts, Pakistan’s foreign minister Shah Mahmood Qureshi today said that New Delhi and Islamabad had a past record of providing assistance to each other when faced with natural disasters.

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