Retail Sales / Operations Director
Must have prior experience of managing operations in small store formats exceeding 50 branches / stores.
Must have a proven track record of achievement in operational KPI's
CV's to neil@globalretailrecruitment.com
Friday, 30 October 2009
Sunday, 25 October 2009
Marketing Director - Leading Jewellery - Cairo, Egypt
Currently in search of an experienced Marketing Director with retail Jewellery / Gems / Luxury experience for a leading MNC based in Saudi Arabia.
Females can be considered for this role although significant workload may be in Saudi Arabia as females will be based in Egypt.
Contact CV@globalretailrecruitment.com
Females can be considered for this role although significant workload may be in Saudi Arabia as females will be based in Egypt.
Contact CV@globalretailrecruitment.com
Urgent search
is searching for Retail Group MD and Group CFO - must be retail experienced Saudi nationals.
Roles based in Riyadh, CV's to director@globalrecruitmentconsulting.com
Roles based in Riyadh, CV's to director@globalrecruitmentconsulting.com
Friday, 23 October 2009
Thursday, 22 October 2009
OIL & GAS vacancies - Urgent
Currently searching for:-
CP Specialist ? Kuwait.
Senior Instrumentation Engineer & Senior Mechanical Piping Engineer ? Tripoli, Lybia.
Wireless Project Manager & Chief Systems Engineer ? Oman.
Submarine power cable Engineer ? Korea.
General Mechanical Manager & Project Control Manager ?Arzew, Algeria.
Project Control Manager & Senior Civil Technical Office Engineer ? in middle of Saharan desert.
CV's to director@globalrecruitmentconsulting.com
CP Specialist ? Kuwait.
Senior Instrumentation Engineer & Senior Mechanical Piping Engineer ? Tripoli, Lybia.
Wireless Project Manager & Chief Systems Engineer ? Oman.
Submarine power cable Engineer ? Korea.
General Mechanical Manager & Project Control Manager ?Arzew, Algeria.
Project Control Manager & Senior Civil Technical Office Engineer ? in middle of Saharan desert.
CV's to director@globalrecruitmentconsulting.com
New Vacancies - Luxury Jewellery
We are currently supporting a leading firm in the supply of numerous senior level positions in the luxury jewellery market.
Positions include Retail Director, Marketing Director, Export Manager, Wholesale manager and Technical Development Manager.
These roles will be based in Saudi Arabia. Experience in the jewellery market is a must.
CV's to neil@globalretailrecruitment.com
See all of our current vacancies at www.globalretailrecruitment.com
Positions include Retail Director, Marketing Director, Export Manager, Wholesale manager and Technical Development Manager.
These roles will be based in Saudi Arabia. Experience in the jewellery market is a must.
CV's to neil@globalretailrecruitment.com
See all of our current vacancies at www.globalretailrecruitment.com
Savola in talks to buy Tate & Lyle stakes
JEDDAH - Savola Group, a Saudi-Arabia based food producer, is in discussions to purchase UK-based sugar refiner and sweetener group Tate and Lyles stakes in sugar refineries in Egypt and Saudi Arabia.
The ongoing negotiations are regarding Tate & Lyles 10 percent stake in a sugar refinery in Saudi Arabia and a 3 percent stake in another sugar refinery in Egypt, reported Reuters. The deal is expected to be finalized by mid-January 2010.
According to media reports, the agreement will put an end to the business partnership between the two companies.
A spokesman for Tate & Lyle was quoted by Maktoob Business as saying: When we announced the sale of our international sugar trading business in July 2008, we made it clear that the business sold excluded a small number of minority interests related to the sugar trading business which would be disposed of separately in accordance with the related shareholders agreements.
Savolas net profit was SR277.8 million ($74 million) in the three months to end-September, up from SR158 million a year earlier, the company said in a statement earlier.
Sales over the nine-month period to end-September rose 28 percent to SR13.1 billion, up nearly 31 percent on the same quarter a year ago.
Looking ahead, we expect the major growth factor could be the retail business. Savola is in the process of increasing its retail outlets, said Syed Taimure Akhtar, financial analyst at Global Investment House.
Excluding capital gains, net profit reached SR656 million in the nine months to end-September, up from SR485 million a year earlier. Total net profit, including capital gains, stood at 683 million riyals during the same period in 2009, up 2.5 percent from a year-ago period.
Separately, the South Koreas state-run KOGAS will invest about 400 billion won ($344.9 million) to build an energy plant in Saudi Arabia, the company said on Wednesday.
Early in the day, the Maeil Business Newspaper cited sources at the economy ministry and KOGAS as saying that the company would sign a preliminary deal with the Saudi Arabian government on Nov. 2 for the plant in Jubail, which would have an annual capacity of 300,000 tons of dimethylether (DME) from 2013.
DME is mainly made from the synthesized gas by cracking natural gas, coal and bio-mass, and is considered cheaper and cleaner than liquefied petroleum gas
source:- Saudi Gazette
The ongoing negotiations are regarding Tate & Lyles 10 percent stake in a sugar refinery in Saudi Arabia and a 3 percent stake in another sugar refinery in Egypt, reported Reuters. The deal is expected to be finalized by mid-January 2010.
According to media reports, the agreement will put an end to the business partnership between the two companies.
A spokesman for Tate & Lyle was quoted by Maktoob Business as saying: When we announced the sale of our international sugar trading business in July 2008, we made it clear that the business sold excluded a small number of minority interests related to the sugar trading business which would be disposed of separately in accordance with the related shareholders agreements.
Savolas net profit was SR277.8 million ($74 million) in the three months to end-September, up from SR158 million a year earlier, the company said in a statement earlier.
Sales over the nine-month period to end-September rose 28 percent to SR13.1 billion, up nearly 31 percent on the same quarter a year ago.
Looking ahead, we expect the major growth factor could be the retail business. Savola is in the process of increasing its retail outlets, said Syed Taimure Akhtar, financial analyst at Global Investment House.
Excluding capital gains, net profit reached SR656 million in the nine months to end-September, up from SR485 million a year earlier. Total net profit, including capital gains, stood at 683 million riyals during the same period in 2009, up 2.5 percent from a year-ago period.
Separately, the South Koreas state-run KOGAS will invest about 400 billion won ($344.9 million) to build an energy plant in Saudi Arabia, the company said on Wednesday.
Early in the day, the Maeil Business Newspaper cited sources at the economy ministry and KOGAS as saying that the company would sign a preliminary deal with the Saudi Arabian government on Nov. 2 for the plant in Jubail, which would have an annual capacity of 300,000 tons of dimethylether (DME) from 2013.
DME is mainly made from the synthesized gas by cracking natural gas, coal and bio-mass, and is considered cheaper and cleaner than liquefied petroleum gas
source:- Saudi Gazette
GCCs planned single currency pegged to dollar not beneficial.
RIYADH - The four Gulf Arab states that plan to establish a joint central bank may initially peg their single currency to the dollar, reported Bloomberg, citing Howard Handy, the chief economist at Samba Financial Group.
However, a common Gulf currency that is pegged to the US dollar will not benefit the region as most countries in the GCC, with the exception of Kuwait, have their currencies already linked to the greenback, said a senior official of Standard Chartered Bank on Wednesday.
Effectively, the GCC already has a single currency because of the common dollar peg. So the new unified currency, if denominated in dollar, will not make any difference, said Marios Maratheftis, the bank?s regional head of Research for Middle East, North Africa and Pakistan.
Handy told Bloomberg earlier that before the introduction of the unified currency, ?we do not expect any changes to GCC exchange rate regimes, including in those countries currently opted out of monetary union,? ?In the first instance, we also expect that the single currency will retain the dollar peg.?
Speaking at a banking seminar, Maratheftis said ?there are some pre-requisites to have a successful common currency. First, a more flexible monetary policy and a more flexible exchange rate regime. Second, we need to see strong capital markets in the region, and third, a strong supra national institution.? ? Agencies
source:- Saudi Gazette
However, a common Gulf currency that is pegged to the US dollar will not benefit the region as most countries in the GCC, with the exception of Kuwait, have their currencies already linked to the greenback, said a senior official of Standard Chartered Bank on Wednesday.
Effectively, the GCC already has a single currency because of the common dollar peg. So the new unified currency, if denominated in dollar, will not make any difference, said Marios Maratheftis, the bank?s regional head of Research for Middle East, North Africa and Pakistan.
Handy told Bloomberg earlier that before the introduction of the unified currency, ?we do not expect any changes to GCC exchange rate regimes, including in those countries currently opted out of monetary union,? ?In the first instance, we also expect that the single currency will retain the dollar peg.?
Speaking at a banking seminar, Maratheftis said ?there are some pre-requisites to have a successful common currency. First, a more flexible monetary policy and a more flexible exchange rate regime. Second, we need to see strong capital markets in the region, and third, a strong supra national institution.? ? Agencies
source:- Saudi Gazette
New vacancy - Saudi Arabia
We are currently in search of a Store Operations Manager within the Luxury fashion / accessories market.
The ideal candidate will be Arabic / English fluent with a proven track record of achievement in operations, sales and service in the luxury market.
CV's to neil@globalretailrecruitment.com
The ideal candidate will be Arabic / English fluent with a proven track record of achievement in operations, sales and service in the luxury market.
CV's to neil@globalretailrecruitment.com
Oman on the up
Positive monetary news and the announcement of continued investment have come as a boost to Oman's retail sector, as retailers enjoyed their customary seasonal boom during the Eid Al Fitr holiday.
Figures released by the Central Bank of Oman in September demonstrate a fall in the rate of inflation from 2.88% in June to 1.82% in July.
The latest figures are a major improvement from Oman's 2008 inflationary peak of 14%, prompted by high oil prices and fiscal loosening at the US Federal Reserve (the Omani Rial has been pegged to the dollar since 1973, with only one adjustment to the exchange rate in 1986).
full story @
http://www.arabianbusiness.com/570461-oman-on-the-up
Figures released by the Central Bank of Oman in September demonstrate a fall in the rate of inflation from 2.88% in June to 1.82% in July.
The latest figures are a major improvement from Oman's 2008 inflationary peak of 14%, prompted by high oil prices and fiscal loosening at the US Federal Reserve (the Omani Rial has been pegged to the dollar since 1973, with only one adjustment to the exchange rate in 1986).
full story @
http://www.arabianbusiness.com/570461-oman-on-the-up
UAE retail sales seen growing by 37% by 2013
Sales in the UAE's retail sector is predicted to grow to nearly $165bn by 2013, driven by economic growth, expat spending power and increasing household consumption, a new report has said.
Sales are seen increasing by 37 percent from a 2008 figure of $103.5bn and sub-sectors seen leading the growth will be pharmaceuticals, automotive and consumer electronics, Business Monitor International (BMI) said in its UAE Retail Report Q3.
The report highlighted future economic growth, a rise in tourist numbers and an increase in the country's population as key factors leading the improved retail conditions.
Sales are seen increasing by 37 percent from a 2008 figure of $103.5bn and sub-sectors seen leading the growth will be pharmaceuticals, automotive and consumer electronics, Business Monitor International (BMI) said in its UAE Retail Report Q3.
The report highlighted future economic growth, a rise in tourist numbers and an increase in the country's population as key factors leading the improved retail conditions.
Wednesday, 21 October 2009
Qatar's Barclays stake sale stokes Sainsbury talk
By Steve Slater and Mark Potter
LONDON (Reuters) Qatar is selling a 1.3 billion pound ($2.1 billion) stake in British bank Barclays (BARC.L), stoking talk it will use a big profit to make a move on UK food retailer J.Sainsbury (SBRY.L).
Qatar owns 26 percent of Sainsbury and the retailers shares jumped by a fifth last Thursday on talk the sovereign wealth fund was planning a renewed offer for it, after a previous bid attempt failed in 2007.
Qatar Holding is set to make a 600 million pound ($985 million) profit on its Barclays stake, making it the second big Middle-Eastern investor to make a big profit from a stake in the bank this year, after Abu Dhabi made $2.5 billion on the sale of an 11 percent stake in June.
Qatar will remain Barclays biggest shareholder with a stake of about 7 percent. It is selling 379.2 million shares, which will come from the exercise of warrants for the same amount of shares at a price of 197.775 pence.
Barclays will receive 750 million pounds from the warrants.
The warrants were part of a controversial 5.8 billion pound fundraising by the bank last November, when the bank avoided selling the state a stake by raising money privately.
Roger Jenkins, a top Barclays banker who orchestrated that fundraising, left the bank in August and his new investment firm is working with Qatar, according to an industry source. A spokesman for the firm, which specializes in the Middle East, declined to comment.
The Barclays shares are being sold by Credit Suisse (CSGN.VX) via an accelerated bookbuild.
By 0800 GMT Barclays shares were down 4.6 percent at 364.5 pence. Sainsbury shares were up 3.2 percent at 340.8p, valuing the retailer at 6.3 billion pounds.
Sainsbury declined to comment.
The Qatar Investment Authority was mulling an offer at 420p per Sainsbury share, traders said last week, well below its 2007 proposal of 600p a share.
QIA was founded by the State of Qatar in 2005 to strengthen its economy by diversifying into new asset classes. Subsidiary Qatar Holding is its main vehicle for strategic and direct investments by the state.
($1=.6088 Pound)
LONDON (Reuters) Qatar is selling a 1.3 billion pound ($2.1 billion) stake in British bank Barclays (BARC.L), stoking talk it will use a big profit to make a move on UK food retailer J.Sainsbury (SBRY.L).
Qatar owns 26 percent of Sainsbury and the retailers shares jumped by a fifth last Thursday on talk the sovereign wealth fund was planning a renewed offer for it, after a previous bid attempt failed in 2007.
Qatar Holding is set to make a 600 million pound ($985 million) profit on its Barclays stake, making it the second big Middle-Eastern investor to make a big profit from a stake in the bank this year, after Abu Dhabi made $2.5 billion on the sale of an 11 percent stake in June.
Qatar will remain Barclays biggest shareholder with a stake of about 7 percent. It is selling 379.2 million shares, which will come from the exercise of warrants for the same amount of shares at a price of 197.775 pence.
Barclays will receive 750 million pounds from the warrants.
The warrants were part of a controversial 5.8 billion pound fundraising by the bank last November, when the bank avoided selling the state a stake by raising money privately.
Roger Jenkins, a top Barclays banker who orchestrated that fundraising, left the bank in August and his new investment firm is working with Qatar, according to an industry source. A spokesman for the firm, which specializes in the Middle East, declined to comment.
The Barclays shares are being sold by Credit Suisse (CSGN.VX) via an accelerated bookbuild.
By 0800 GMT Barclays shares were down 4.6 percent at 364.5 pence. Sainsbury shares were up 3.2 percent at 340.8p, valuing the retailer at 6.3 billion pounds.
Sainsbury declined to comment.
The Qatar Investment Authority was mulling an offer at 420p per Sainsbury share, traders said last week, well below its 2007 proposal of 600p a share.
QIA was founded by the State of Qatar in 2005 to strengthen its economy by diversifying into new asset classes. Subsidiary Qatar Holding is its main vehicle for strategic and direct investments by the state.
($1=.6088 Pound)
Friday, 16 October 2009
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please click the link to join Viadeo for free and link to my network
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Thursday, 15 October 2009
Mall of Arabia opening delayed to 2012
The opening of the first phase of Mall of Arabia, which will outsize Dubai Mall when complete, has been pushed back until 2012, officials say.
full story at http://www.thenational.ae/apps/pbcs.dll/article?AID=/20091007/BUSINESS/710079980/1055
full story at http://www.thenational.ae/apps/pbcs.dll/article?AID=/20091007/BUSINESS/710079980/1055
Retail rent declines slowing
Now shoppers are watching their wallets, retailers are much more cautious and some landlords are more willing to negotiate to fill their centres, said the manager of Cold Stone Creamery in the UAE.
?Before you could say the landlords were ruling,? said Mr Mehta. ?Now more tenants are ruling in these projects. You can see the buying power of the tenants is much stronger at this time.?
As a result, the average rent for a new store in Dubai continued to fall in the third quarter of this year, though not as steeply as in the first half, real estate consultants say.
Rents declined by between 2 per cent and 3 per cent between July and September, said Craig Plumb, the head of research in the MENA region for Jones Lang LaSalle, compared with a 6 per cent drop in the second quarter.
?I don?t think retail rents will fall as far as with other types,? he said. ?They will not halve as they did with office and residential rents.?
Property rental rates in Dubai have fallen across all sectors since the onset of the economic downturn. Prime office rents are down by roughly half and residential rents have slumped as much as 35 per cent since the end of last year, according to Jones Lang LaSalle?s latest city report.
?Before you could say the landlords were ruling,? said Mr Mehta. ?Now more tenants are ruling in these projects. You can see the buying power of the tenants is much stronger at this time.?
As a result, the average rent for a new store in Dubai continued to fall in the third quarter of this year, though not as steeply as in the first half, real estate consultants say.
Rents declined by between 2 per cent and 3 per cent between July and September, said Craig Plumb, the head of research in the MENA region for Jones Lang LaSalle, compared with a 6 per cent drop in the second quarter.
?I don?t think retail rents will fall as far as with other types,? he said. ?They will not halve as they did with office and residential rents.?
Property rental rates in Dubai have fallen across all sectors since the onset of the economic downturn. Prime office rents are down by roughly half and residential rents have slumped as much as 35 per cent since the end of last year, according to Jones Lang LaSalle?s latest city report.
Monday, 12 October 2009
Vacancy - Store Operations Manager - Saudi Arabia
Leading luxury department store requires a dynamic and fashion diverse Store Manager - Operations to lead operational performance ensuring sales and team objectives. CV's to neil@globalretailrecruitment.com
Monday, 5 October 2009
New Vacancy - Chief Accountant - Jeddah
currently searching for numerous Chief Accountant's to be based in Jeddah. you will have a relevant degree in accounting / commerce, experience of at least 5 years in retail accounting and fluent in Arabic / English.
You must also be currently residing in KSA.
CV's urgently to director@globalrecruitmentconsulting.com
You must also be currently residing in KSA.
CV's urgently to director@globalrecruitmentconsulting.com
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Retail; European & MENA specialists