Investment guide MENA stock tips

Despite the release of third-quarter corporate earnings last month, the markets remained fixated on macroeconomic news coming out of Europe. With the European sovereign debt crisis still unresolved, the markets remained jittery with investors sitting on the sidelines. For recommendations on where to invest in such volatile markets, Executive spoke to Georges Abboud, head of private banking at BLOM Bank, Nadim Kabbara, head of research at FFA Private Bank and Haitham Arabi, chief executive of Gulfmena Investments. Georges Abboud Bullish or bearish? According to Abboud, most fund managers are sitting on a lot of cash at the moment as, at least in Europe and the United States, markets seem to be heading back into recession. “You can start building some positions now but you need to be careful,” says Abboud. He recommends investing in companies with solid cash flows, as Warren Buffett did when his investment vehicle, Berkshire Hathaway, acquired