Microsoft UAE’s Naim Yazbeck is not fazed by talk of Big Tech facing a recession squeeze

Microsoft UAE’s Naim Yazbeck is not fazed by talk of Big Tech facing a recession squeeze

Dubai: The news emerging out of the US on anything to do with Big Tech can be chilling for industry insiders. The biggest tech companies putting on hiring freezes, quarterly revenues that disappoint investors, and dire warnings about what a global recession could do to tech spending worldwide.

Sure, much of those concerns relate to what’s happening in the US, but can’t the same forces apply to other regions as well? Or is it the case that spending by organisations in the UAE are way too into their spending cycles – whether it’s on cloud, digital makeovers or cyber security – that they can’t pull back?

Put these to Naim Yazbeck, General Manager of Microsoft UAE, and he isn’t too overly concerned about any blowback from the US. Or from anywhere else, for that matter.

Talk about recession is giving rise to doubts whether Gulf economies will keep spending at current levels on tech in 2023. Your thoughts.

Technology allows us to do more with less – cutting costs while boosting productivity. We believe spending on technology is prudent and will continue in the long run.

Cloud technologies will continue supporting the economy in the UAE and beyond: according to an IDC study we released