MENA stock tips 2013

Global markets that began to rally in mid-November in anticipation of a resolution to the United States’ “fiscal cliff” are now making investors edgy, with major economies still shaky. This month, Executive sits again with Georges Abboud, head of private banking at BlomInvest, and Amer Khan, fund manager at Dubai-based Shuaa Asset Management, for their top investment recommendations. Georges Abboud Should we invest in the markets now? “It is hard because markets went up so quickly,” says Abboud. Still, he would add exposure to the US due to the deleveraging of the financial sector in the past couple of years, the recovery in US real estate and industrial sectors, and the low energy production costs there due to the use of shale gas (which faces heavy opposition in Europe). He is more cautious about Europe, especially with the euro trading at its current levels (the euro dollar rate was at