New survey finds UAE emerging as a global tech hub for Asian talent

DUBAI, UAE, Sept. 18, 2024 /PRNewswire/ -- A recent survey conducted by Capital.com, a global trading platform and the Middle East's fastest-growing technology company*, has revealed that the United Arab Emirates (UAE) is rapidly gaining recognition as a competitive tech hub. The survey polled 1,000 respondents across Singapore, Hong Kong, Vietnam and India, and found that 81% of Asian tech professionals view the UAE as a growing tech hub. A further 76% of respondents say the UAE provides a conducive environment for the tech industry.

The UAE's growing reputation as a burgeoning tech hub is fuelling interest among tech workers across the region, with nearly half (45%) of respondents expressing a willingness to relocate to the UAE for work, out-ranking countries like Germany (38%) and Hong Kong (20%) as popular relocation destinations.

This places the UAE in close competition with other prominent destinations such as Singapore (46%), the UK (57%), and the US (52%) as preferred locations for relocation among tech professionals.

Commenting on the findings, Tarik Chebib, CEO, Capital.com, Middle East, said:

"With 8 in 10 respondents from our recent survey recognising the UAE as a competitive tech hub, it's clear that the region is gaining momentum as a favourable destination for tech talent. Asia's tech professionals have traditionally gravitated to cities in the UK, the US and Singapore to further their careers, so it's encouraging to see the UAE stand shoulder-to-shoulder with this cohort and get the recognition it deserves as an attractive location to live and work."

Government support is the key factor contributing to UAE's growing reputation as a tech hub and relocation destination of choice. Of those surveyed, 93% think it is important to have a government that is supportive of the tech industry, highlighting the UAE's concentrated push to develop the country as a hotspot for international tech talent. 

The majority of those surveyed (74%) cite the UAE's banking, visa, special healthcare/health insurance packages, and real estate services for qualified tech professionals, as factors. More broadly, respondents also say that a high quality of life (60%), attractive remuneration (54%) and the UAE's strategic location (52%) also feed into their decision to relocate.

"As a leading partner of the UAE's NextGenFDI initiative, we have seen first-hand the government's commitment to support and grow the tech sector. The UAE's business-friendly environment, forward-thinking policies, investment in innovation, and position as a gateway to the Middle East, Africa and Asia, makes it an ideal location for companies and talent alike. Capital.com is proud to contribute to the sector's growth and innovation in the UAE." said Chebib.

While all respondents indicated a 'willingness' to relocate for work, 47% indicated that they are 'actively' looking to relocate, highlighting the huge potential for the UAE to attract and retain tech talent.

"As a company operating in the UAE that is licensed by the Securities and Commodities Authority (SCA), we need to draw on an exceptional pool of talent to meet our exacting business and regulatory needs. This means searching for the best talent, from anywhere in the world. Given the UAE's pro-talent stance and growing appeal as a tech destination for professionals, we have had no problem recruiting talent from as far afield as the UK, Europe and Australia. Employees are eager to relocate to a country that not only supports their personal needs but also provides fertile ground for further development within the tech sector," added Chebib.

Capital.com opened its UAE subsidiary and regional headquarters in March 2024. Based in Dubai, Capital Com MENA Securities Trading LLC (Capital Com MENA), is licensed and regulated by the UAE Securities and Commodities Authority (SCA). Capital.com is also a leading member of the UAE's #NextGenFDI initiative, a government-led initiative enabling cutting-edge companies from around the world to establish and expand their operations in the UAE. In 2022, Capital.com was a sponsor of the UAE's NextGen Talent initiative, which was aimed at developing the capabilities of local youth and preparing future leaders in the technology sector.

Survey methodology:

The survey was carried out between 11 and 28 July 2024 and fielded responses from 1,000 respondents who currently work in a variety of tech-related roles in Singapore, Hong Kong, Vietnam or India, and had declared they were open to relocating to another country for work. The sample split was 250 respondents from Hong Kong, 250 respondents from Singapore, 250 respondents from Vietnam, and 250 respondents from India.  

Notes to Editors

About Capital.com:

Capital.com enables clients to trade derivatives on more than 3,000 of the world's most popular indices, commodities, cryptocurrencies, shares, and currency pairs. In addition to its web and mobile-based platforms, Capital.com also provides clients with access to free education and trading tools to help them hone their trading knowledge.

As a global fintech company with offices in London, Dubai, Limassol, Melbourne, Warsaw, and Vilnius, Capital.com is guided by a sustainability-led startup framework, prioritising smart partnerships with the public and private sector to help drive progress and sustainable growth.

Capital Com (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 793714. Capital Com SV Investments Limited is Authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised to carry out Securities Business by the Securities Commission of The Bahamas with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176.

To find out more, please visit:  www.capital.com

This press release is for media use only. It's not intended for individual investors, and doesn't include personal advice or recommendations.

DISCLAIMER

Spread bets and/or CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.51% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider. You should consider whether you understand how spread bets and/or CFDs work and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd. Spread bets are available only to UK clients.

The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

Capital Com (UK) Limited ("CCUK") is registered in England and Wales with company registration number 10506220. CCUK is authorised and regulated by the Financial Conduct Authority ("FCA"), under registration number 793714. Capital Com SV Investments Limited ("CCSV") is registered in Cyprus with company registration number 354252. CCSV is regulated by Cyprus Securities and Exchange Commission (CySEC) under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a limited liability company (company number 209236B) registered in the Commonwealth of The Bahamas and authorised to carry on Securities Business by the Securities by the Securities Commission of The Bahamas ("SCB") with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as "investment research" has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

New survey finds UAE emerging as a global tech hub for Asian talent

SHENZHEN, China, Dec. 21, 2024 /PRNewswire/ -- As technology continues to evolve, consumer electronics have become essential to everyday life. Elephant Robotics, a high-tech company specializing in robotics design and production, is thrilled to announce its participation in the International Consumer Electronics Show (CES) 2025. This premier technology trade show will be held in Las Vegas, USA, from January 7-10, where you can find Elephant Robotics at Booth 8963 in the LVCC North Hall.

With a mission to "Enjoy Robots World", the company offers a diverse range of robotic products, including educational collaborative robots, professional robots, the Mercury humanoid robot, and bionic companion robotic pets. Committed to pushing the boundaries of robotics technology, Elephant Robotics aims to provide everyone with opportunities to experience the convenience and benefits of robots in daily life. At CES 2025, the company will showcase innovative robotic solutions and host 3 engaging interactive activities.

Elephant Robotics is dedicated to reducing the barriers to robot applications by offering a diverse range of personal desktop robots, including 4 DOF collaborative robotic arms, 6 DOF cobots, 7 DOF robot arms, and mobile robots. These intelligent robot assistants are characterized by their versatility, high openness, cost-effectiveness, and ease of use, making them perfect for creative projects, daily tasks, and production applications. Equipped with a variety of end effectors—including cameras, suction pumps, grippers, and dexterous hands—these robots can perform a wide range of tasks. This versatility enhances the practicality of robotic arms, reducing the workload and increasing efficiency, allowing people to spend more time on creative and recreational activities. Ultimately, these robotics innovations enhance convenience and joy in everyday life. Whether functioning as personal assistants, production tools, or artistic platforms, they are becoming essential components of modern living.

Alongside personal entertainment and convenience, the broad commercial applications of robotics technology are a significant aspect of future intelligent living. At CES 2025, Elephant Robotics will present 2 commercial collaborative robots with powerful performance and sleek, integrated design aesthetics.

The myCobot Pro 630, a high-performance commercial collaborative robot, boasts a sleek integrated design and advanced capabilities. Equipped with a holographic device, it provides an immersive and dynamic experience for commercial displays and exhibitions, enabling multi-angle movement and captivating 3D visual effects. This robot offers a fresh approach to business marketing and displays with impressive flexibility and a wide range of applications.

Additionally, the Mercury X1, a universal wheeled humanoid robot, features a mobile chassis with high-performance LiDAR and 19 DOF dual-arm robotic arms, delivering exceptional agility and intelligence. Mercury X1 can work seamlessly alongside humans to improve efficiency, reduce costs, and expand commercial opportunities in sectors such as service, hospitality, education, scientific and academic research, entertainment and smart home applications. Since its official launch in late 2023, Mercury X1 has received significant market attention, already delivering notable success in sectors like electronics, chips, and the 3C industry. Since its official launch in late 2023, the Mercury X1 has garnered significant market attention, achieving mass delivery just 7 months post-launch. This versatile wheeled humanoid robot is easily integrated into light industrial manufacturing, particularly in sectors such as electronics, and chips. There are some already successful applications include stripping adhesive sleeves from mobile phone components and assembling flexible connectors. By replacing manual labor, the Mercury X1 improves work efficiency and reduces costs.

Robots can also be soft and cuddly, bionic companion robot pets are set to become the most heartwarming intelligent companions in daily life. Elephant Robotics will unveil its new series of bionic robotic pets—metaCat AI, metaDog AI, and metaPanda AI—at CES 2025. These AI bionic robotic pets, available in cat, dog, and panda shapes, closely mimic the appearance, texture, sound, and experience of real animals, fulfilling people's need for companionship and emotional comfort. Equipped with AI models, they understand human language and emotions, providing a life-like interaction experience.

Designed to provide companionship and emotional support, these pets are equipped with lifelike features such as realistic fur, interactive movements, and engaging behaviors. These AI bionic companions understand human emotions and can respond to voice commands, offering a truly immersive and responsive interaction. Equipped with AI models, they understand human language and emotions, providing a "life-like" smart interaction experience.

Particularly beneficial for children, seniors, and individuals with autism or Alzheimer's disease, these AI bionic companion robotic pets help reduce feelings of loneliness, alleviate anxiety, and promote mental well-being. In addition, their AI capabilities allow them to engage in dynamic, lifelike conversations, and even respond to emotional cues, fostering deeper connections with users. In family environments, these pets can serve as both educational and comforting companions, while in healthcare settings, they offer potential in emotional support and mental care. They represent a new frontier in human-robot interaction, where robotics not only enhance productivity but also improve emotional quality of life.

Elephant Robotics is not only showcasing its cutting-edge robotic products at CES 2025, but is also offering visitors the opportunity to participate in 3 exciting interactive activities.

Innovative Robotics Workshop: In this hands-on workshop, visitors will experience the power of graphical programming tools like myBlockly to control the 6 DOF collaborative robot arm, myCobot 280. By arranging code "blocks" in a fun and intuitive way, participants can easily bring their creative ideas to life. The workshop simplifies programming, allowing participants to enhance their practical skills and hands-on experience through direct interaction with various robotic products. This engaging environment encourages more people to explore the applications of robotic arms in everyday life.

Share & Win: Visitors can participate by sharing posts on social media platforms (Facebook, X, LinkedIn) with the hashtag #ElephantRobotics to win a free, limited-edition panda doll keychain. It's an easy and fun way to engage with the brand while standing a chance to win a unique souvenir!

Explore to Win – NVIDA and Partner Passport Program: As an official NVIDIA partner, Elephant Robotics is honored to be invited to participate in the Explore to Win event, part of the NVIDIA and Partner Passport Program at CES 2025. Visitors who scan the QR code at Elephant Robotics' booth (LVCC, North Hall – booth #8963) will be able to collect points and have a chance to win exciting prizes.

CES 2025 is an unparalleled platform for showcasing cutting-edge technology and fostering idea exchange. Participation in CES 2025 allows Elephant Robotics to showcase its latest robotic innovations and emphasize its mission to integrate AI and robotics into everyday life. It also offers opportunities to explore collaborations with international organizations and companies, fostering loyalty and trust among its customers. Visitors are encouraged to visit the company's booth at LVCC North Hall – booth 8963 to experience their innovative robotics technologies firsthand and discover how these innovations can transform everyday's life.

For more information, please visit: CES2025 - Elephant Robotics; or connect with them on social media:

X:  https://twitter.com/CobotMy
Facebook:  https://www.facebook.com/mycobotcreator
Linkedin:  https://www.linkedin.com/company/elephantrobotics/
Youtube:  https://www.youtube.com/c/elephantrobotics

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Elephant Robotics to Exhibit at CES 2025: Featuring Cutting-Edge Innovative Robotics Solutions and AI Bionic Robots Debut