
Microsoft Promotes Naim Yazbeck To President, Middle East And Africa
In his new role, Yazbeck will oversee Microsoft's operations across the Middle East and Africa region, driving strategic initiatives that accelerate digital transformation, expand cutting-edge cloud infrastructure, and scale AI skilling across communities. He will continue to cultivate impactful partnerships that align with national visions and fuel inclusive economic growth and societal progress, with a focus on deepening Microsoft's regional footprint, strengthening the partner ecosystem, and advancing digital resilience.
A respected and visionary leader with over 25 years of experience in the ICT sector, Yazbeck previously served as General Manager, Microsoft UAE since 2022. Under his leadership, Microsoft UAE deepened its collaboration with government entities, enterprises, startups, and academic institutions. Among his most notable achievements is spearheading the landmark strategic partnership between Microsoft and G42, aimed at accelerating the adoption of cloud and AI technologies across the Middle East and Africa. This collaboration has enabled the region to make significant strides in digital infrastructure, innovation, and economic diversification.
Yazbeck also championed several major initiatives to expand access to Microsoft's cloud services, promote entrepreneurship, and create lasting socio-economic impact. He oversaw the launch of national skilling and digital literacy programs that empowered thousands of individuals to build future-ready capabilities, while supporting organizations in their AI transformation journeys. His tenure has been marked by a strong focus on fostering public-private partnerships, nurturing talent, and building a resilient, innovation-driven ecosystem in the UAE and beyond.
Commenting on his new role, Yazbeck said: 'It has been an honor to lead Microsoft's efforts in the UAE – a nation that continues to set the pace for digital ambition and innovation, and which I am pleased to call home. I am incredibly proud of the team we've built and the impact we've made together. Looking ahead, at Microsoft, our vision for the Middle East and Africa is rooted in empowerment – of people, governments, and industries. We will continue to accelerate digital transformation by investing in cloud infrastructure, advancing AI skilling at scale, and forging deep partnerships that align with national visions and ambitions. We are not just building technology – we are building futures, creating jobs, and enabling inclusive economic growth across the region.'
Amr Kamel, who most recently served as General Manager – Global Partner Solutions for Microsoft Central & Eastern Europe, Middle East & Africa, will succeed Yazbeck as General Manager, UAE, continuing the company's momentum in one of the region's most dynamic markets.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
35 minutes ago
- Zawya
Europe's old power plants to get digital makeover driven by AI boom
PARIS - Some of Europe's ageing coal and gas fired power plants can look forward to a more high-tech future as big tech players, such as Microsoft and Amazon, seek to repurpose them as data centres, with ready-made access to power and water. Companies such as France's Engie, Germany's RWE, and Italy's Enel are looking to benefit from a surge in AI-driven energy demand by converting old power sites into data centres and securing lucrative long-term power supply deals with their operators. The data centre option offers the utilities a way to offset the hefty costs of shutting down ageing power plants as well as potentially underwriting future renewable developments. Tech companies see these sites as a quick way to secure power grid connections and water cooling facilities, two big bottlenecks in the AI industry. "You have all the pieces that come together like ... water infrastructure and heat recovery," said Bobby Hollis, vice president for energy at Microsoft. Lindsay McQuade, EMEA energy director at Amazon , said she expected permitting for data centres to move faster at old sites, where a big chunk of infrastructure was already in place. Utilities can either lease the land or build and operate the centres themselves, securing long-term power contracts with tech firms, he said. The deals offer much more than just the sale of unused land as they include opportunities for stable, high-margin revenue, said Simon Stanton, head of Global Partnerships and Transactions at RWE. "It's more about the long-term relationship, the business relationship that you get over time that enables you to de-risk and underwrite your infrastructure investments," Stanton said. Most of EU's and Britain's 153 hard coal and lignite plants are set to close by 2038 to meet climate targets, joining the 190 plants that have closed since 2005, based on data from NGO Beyond Fossil Fuels, which campaigns to accelerate closure of coal-fired power stations. NEW REVENUE STREAMS The economics of data centre deals can be compelling for the utilities, which can negotiate a long-term power supply contract to underwrite future renewable developments. Tech firms are paying premiums of up to 20 euros per megawatt-hour for low-carbon power, said Gregory LeBourg, environmental program director at French data centre operator OVH. Data centre power demands can be anywhere from a couple hundred megawatts to a gigawatt or more. So the annual 'green premium' - the extra price paid for low-carbon electricity - on top of a base market price could potentially translate into a long-term contract worth hundreds of millions or even billions of euros, based on Reuters' calculations. One long-term option is to build an "energy park" and connect the data centre to a new renewable development, relying on the grid for emergencies, but this is a relatively new concept, industry sources said. Engie wants to double its installed renewable energy by 2030 from the current 46 GW. The group has identified 40 sites globally that it is marketing to data centre developers, including coal and gas plants that could be converted, said Sebastien Arbola, who runs the company's data centre business. One is the Hazelwood coal plant in Australia, which closed in 2017. He declined to disclose details of other sites, saying they are mostly in Europe. Other utilities, including Portugal's EDP, EDF, and Enel said they are also marketing old gas and coal sites for new data centre development. "It's business model diversification," said Michael Kruse, managing partner at consultancy Arthur D. Little. Utilities are creating a new type of business and also new revenue streams, he said. 'SPEED TO POWER' The appeal for tech companies is speed. Grid connection delays in Europe can stretch over a decade, while repurposed plants potentially offer speedier access to power and water. "You actually have the opportunity to move faster," said Hollis at Microsoft. Data centre capacity in Europe is much lower than the United States and Asia due to longer grid connection times and slower permitting, data from Synergy Research Group showed. The data centre operators can choose to buy the renewable power they need directly from the utilities in the form of long-term contracts or purchase from the power market. Real estate firm JLL is working on several conversions, including a 2.5 GW data centre at a former German coal plant and four sites in Britain for a major tech client, said Tom Glover, who works on data centre transactions at JLL. Developers do not often disclose more detail about data centre projects, including their clients, for security reasons. Britain's Drax is also seeking a partner to develop unused parts of an old coal site in Yorkshire, now partially converted to biomass. It offers access to unused water cooling equipment, said Richard Gwilliam, Drax's carbon programme director. Drax is offering a "behind-the-meter" deal where the power plant will provide direct power to the data centre and it can pull from the grid if necessary. EDF has also chosen developers for two sites at gas power plants in central and eastern France. Tech companies are willing to pay more for projects that can start up sooner as they vie for market share in a rapidly growing industry, said Sam Huntington, director of research at S&P Global Commodity Insights. "Speed to power is just the phrase we keep hearing over and over again," he said. (Reporting by Forrest Crellin in Paris; additional reporting by Leo Marchandon in Gdansk, Francesca Landini in Milan; editing by Nina Chestney, Dominique Patton and Jane Merriman)


Zawya
2 hours ago
- Zawya
Saudi's e-commerce start-up Salasa secures $30mln to scale business
Saudi Arabian start-up Salasa has secured $30 million from various investors, including Aramco's venture capital fund, to scale operations. The Series B funding round was led by Artal Capital, with participation from Saudi Venture Capital Company, Wa'ed Ventures, 500 Global and Alsulaiman Group. Salasa is an e-commerce fulfillment platform catering to more than 1,000 merchants, including major businesses like Noon and Amazon. The company intends to use the fresh capital to further leverage artificial intelligence (AI) in creating a more predictive and automated logistics system. It also looks to expand its cross-border reach. (Writing by Cleofe Maceda; editing by Brinda Darasha)


Zawya
2 hours ago
- Zawya
EQIQ unveils Boxy after a year in stealth
EQIQ, a venture capital fund and venture builder led by founding partners with a track record of investing over $500 million in technology ventures and generating returns exceeding 3.3x, unveils its $1.5 million pre-seed investment in Boxy, Iraq's first AI-powered logistics aggregator. Co-founded in 2024 by CEO Ahmed Baqer and CTO Mehrshad Pezeshk, alongside EQIQ, Boxy aims to seamlessly integrate Iraq's 1,500+ last-mile couriers within a single, intelligent shipping platform. Boxy has demonstrated signs of early product-market fit, achieving high double-digit growth consecutively since its launch in October 2024. This investment reflects EQIQ's venture-building strategy of launching ventures with experienced entrepreneurs at the helm, filling critical market gaps. Logistics is the vital backbone driving the growth of e-commerce, particularly in a cash-dominant market such as Iraq. Boxy's launch marks a foundational step in EQIQ's vision to scale Iraq's digital infrastructure by building a cohesive digital ecosystem encompassing fintech, logistics, and e-commerce. 'Logistics is the backbone of the daily operations of the tech ecosystem,' said Mohamed Al-Hakim, Founding Partner at EQIQ. 'Boxy offers a tech-enabled, AI-powered logistics platform that helps merchants scale their businesses. By pairing our resources and networks with exceptional founders with 25+ years of sector expertise, we've built a venture designed to reshape how parcels move across Iraq and, soon, beyond.' Boxy's leadership team embodies EQIQ's hallmark emphasis on exceptional founders with proven experience. CEO Ahmed Baqer brings over a decade of experience scaling operationally intensive startups such as Careem Iraq and Northladder. CTO Mehrshad Pezeshk has over 15 years of experience building and exiting tech-driven logistics ventures in the Middle East and North America. 'Our partnership with EQIQ is a shared vision for re-engineering Iraq's logistics sector in a way that doesn't require more shipping companies,' said Ahmed Baqer, Boxy's co-founder and CEO. 'Iraq needs a one-stop-shop logistics platform. Boxy helps merchants find the best shipping option per order using real-time data, eliminating the risk of relying on a single carrier.' Boxy addresses the challenge of a fragmented last-mile delivery market by layering an AI-matching engine over an existing network of last-mile delivery players. Its proprietary platform routes each shipment to the optimal courier, using a data-driven approach linking merchant preferences with courier performance. Merchants gain a fully integrated solution solving multiple pain points, rather than juggling numerous dashboards, printing various labels, or navigating tedious courier negotiations. Boxy cuts merchant onboarding time from weeks to hours. Boxy has experienced significant growth, with a 100% increase in merchants last month alone. The company is on track to integrate with leading courier networks in Baghdad and major provincial cities, capitalizing on the $1.5 million investment to further develop its in-house proprietary tech and scale operations across Iraq. 'There's a myth that Iraq's last-mile market is unsolvable,' explains CTO and co-founder Mehrshad Pezeshk. 'With smart technology and the right infrastructure, we're proving otherwise. We are working side-by-side with EQIQ to build a robust, seamless foundation for Iraq's logistics market.' Unlike traditional VC investments, EQIQ's greenfield approach positions the firm as Boxy's co-founder. From day one, EQIQ provided Boxy with strategic capital injection, operational and structural support, while leveraging its ADGM headquarters. About Boxy Boxy is Iraq's first AI-powered logistics aggregator, founded on the principle that merchants deserve a single, intelligent hub for their shipping needs. Co-built with EQIQ, Boxy leverages a vast network of last-mile courier services to seamlessly match each order with the optimal carrier, saving time, reducing costs, and bringing next-level efficiency to a historically fragmented market. About EQIQ EQIQ is a venture capital fund headquartered in Abu Dhabi Global Market (ADGM) in the United Arab Emirates. Founded by serial entrepreneurs who have invested over $500 million in technology startups across the world, EQIQ operates as a venture fund and venture builder that invests in both greenfield and brownfield opportunities across e-commerce, logistics, and fintech in Iraq. Having secured its first close in 2023, the fund has deployed more than half of its initial capital commitments of $15 million in a portfolio of 5 high-growth tech startups. EQIQ Limited is an Authorised Person regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This Marketing Material is intended solely for Professional Clients and must not be relied upon by any other Person. It is provided for information and marketing purposes only and does not constitute investment advice or an offer to invest in any fund or financial product. For further information: For inquiries: info@