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Now is best time to invest in US markets - official

The National US-Arab Chamber of Commerce CEO David Hamod
The National US-Arab Chamber of Commerce CEO David Hamod
(With photos) KUWAIT, Jan 19 (KUNA) -- The National US-Arab Chamber of Commerce CEO David Hamod said Monday this was the best time to invest in the American markets but the genuine investment opportunities should be scrutinized first.
Hamod, in a statement to KUNA, said there were good investment opportunities in the real estate, stocks, and bonds but they needed "smart investor with thick skin." On the global financial crisis, Hamod said because economies around the world were linked with the American economy, they suffered from the meltdown.
However, he added, the good news were that the US economy would rebound by end of this year and "we hope it will push economies which were affected by the crisis." Hamod said his visit to Kuwait was to participate in the Arab Economic Summit, which would start later today, and meet with officials and private sector representatives.
On Kuwait-US relations, Hamod said trade exchange has grown from USD 3.4 billion in 2000 to over USD 6.5 billion in 2007.
US exports to Kuwait in 2007 amounted to USD 2.5 billion while exports were around USD four billion, he said. (end) kt KUNA 191054 Jan 09NNNN