Announced on April 30, 2026, the initiative represents a major advancement in the UAE’s digital economy strategy, combining fintech innovation with government-led identity infrastructure to enhance the overall visitor experience.

Instant Account Opening Without Friction

At the core of the initiative is the ability for international visitors to open a fully functional digital bank account within minutes. The process is powered by a secure digital identity created through biometric verification and facial recognition technologies.

By integrating the national identity platform with ADCB’s digital banking infrastructure, the service removes traditional onboarding barriers such as physical documentation and in-branch verification. Tourists can complete the entire process remotely and gain immediate access to essential banking services.

Expanding Access to Digital Financial Services

The rollout introduces a new level of accessibility for non-resident users, allowing them to participate directly in the UAE’s financial ecosystem. Once onboarded, users can:

• Access digital banking services instantly
• Receive and activate virtual debit cards
• Conduct secure cashless transactions across the country

This approach not only improves convenience but also aligns with global trends toward frictionless financial services and mobile-first banking experiences.

Accelerating the UAE’s Cashless Economy Vision

The initiative is closely aligned with the UAE’s ambition to build a fully cashless and digitally integrated economy. By extending financial access to tourists, the system supports increased adoption of digital payments across retail, hospitality, and service sectors.

At the same time, the framework strengthens regulatory compliance and consumer protection by ensuring that all accounts are created through verified and secure identity channels.

Reinforcing Global Leadership in Fintech Innovation

With this launch, the UAE further solidifies its position as a leading hub for digital finance and innovation. The collaboration between regulatory authorities and financial institutions demonstrates a scalable model for integrating public infrastructure with private-sector banking services.

The “Tourist Identity” initiative also reflects a broader strategic direction, bridging tourism, fintech, and smart government services to deliver a seamless, tech-driven experience for international visitors.

A Strategic Step Toward Seamless Travel Experiences

As global competition intensifies in both tourism and financial services, the UAE continues to differentiate itself through innovation-led policies. Enabling instant bank account access for tourists is not just a convenience feature, it is a strategic move that enhances the country’s attractiveness as a destination for both leisure and business travelers.

By combining secure digital identity with real-time banking capabilities, the UAE is setting a new benchmark for how financial services can be embedded into the travel experience.

Source

ELC GLOBAL, pioneered by WORLDEF and aiming to create an exclusive community that will shape the future of the e-commerce and retail sectors, was introduced with an official launch event attended by special guests. The program, held at Mandarin Oriental Bosphorus, was attended by leading figures from the e-commerce and retail ecosystems. At the beginning of the program, participants watched promotional videos of the WORLDEF ISTANBUL and WORLDEF DUBAI events. In addition, a presentation was made covering the platform’s structure, community model, and participation requirements.

Ömer Nart: Real power is being able to sit at the same table with the right people

WORLDEF CEO Ömer Nart said in his speech at the program, “We are at the beginning of a structure where employers and leaders who speak the same language, carry similar responsibilities, and think at the same level come together.” Pointing out that ELC GLOBAL is a closed-circuit network established in 2019, Nart said, “This structure is being revived today to bring together employers and leaders who truly have a say in the world of digital commerce and retail. It is necessary to be able to discuss the right topics with the right people on the right ground. Today, it is still very difficult to find a space in the business world where there is reliable, qualified, and open communication. ELC GLOBAL responds exactly to this need.”

Emphasizing that ELC GLOBAL is built on a model beyond the traditional understanding of networking, Ömer Nart stated the following: “It is a system where every contact is meaningful and every meeting produces a return. Through strategic roundtables, mastermind sessions, and carefully designed matches, we are building a structure where time is used in the most efficient way. From content production to stage positioning, we aim to increase the visibility and impact of our members in every area. Communication based on trust, mutual respect, and disciplined participation form the foundation of this structure. Because this place was established not to spend time, but to create value.”

Ömer Nart concluded his words as follows: “We believe this: Real power is being able to sit at the same table with the right people. Real impact is the implementation of what is discussed at that table. ELC GLOBAL is exactly the meeting point of employers and decision-making leaders who want to create this impact.”

Sezgin Şener: The winners will be those who manage quality, not quantity

ELC GLOBAL Advisory Board Chairman and ToptanTR CEO Sezgin Şener emphasized that e-commerce is undergoing a very serious development process compared to traditional commerce and said, “Almost one out of every five trades is now being conducted online. This attraction has naturally led to the emergence of many investments, many investors, many entrepreneurs, and more competition. When we look at it today, we are in a massive ecosystem with many players, including dozens of logistics companies, hundreds of software companies, and thousands of service providers. In other words, we are now in a period where quantity has reached its peak. This is exactly where ELC GLOBAL comes into play, and a breaking point begins here.”

Şener stated the following: “We say that from now on, the winners will be those who manage quality, not quantity. Because time is now very limited for all of us. The attention of our customers or target audience has become much more critical. In a world with a population of 8.1 billion, where everyone is speaking, we are together to create an ecosystem made up not of those who make noise by raising their voices, but of those who will truly make a difference by raising their value. We want to bring together the most qualified players in the sector.”

Cem Oğuz: The right leaders are together

Sürat Kargo General Manager Cem Oğuz stated that it is very important to come together with the right people and the right community and discuss the right topics, and noted the following: “The leaders of the e-commerce world here are truly leaders; the right leaders are together. How can we understand that this is the right time? We want to look only at the last 5 years of Sürat Kargo. I never forget our presence at WORLDEF; we started with a small booth in 2020. Today, we continue as the main sponsor. This shows our growth. I hope that these opportunities provided to us will be provided for everyone.”

Aytaç Akıncı: ELC GLOBAL will help enable successful transitions from export to e-export

Ship to More Founder Aytaç Akıncı said, “It is a great honor to see everyone who manages, grows, and shapes e-commerce in Türkiye here this evening. You are people who ship thousands of packages in Türkiye and have previously entered the homes of millions of people. I believe that ELC GLOBAL will increase the exports of those who export. It will also help those who do not export to make successful transitions from export to e-export.”

Sadem Pehlivan: It became a structure where very positive experiences were shared for the development of the ecosystem

eStar Global E-Commerce General Manager Sadem Pehlivan also said, “I was probably the most inexperienced e-commerce person in the closed-circuit ELC GLOBAL structure mentioned. Because I had no network at all. That is why, at the very beginning, I felt it was completely like a networking platform. At that time, it became a structure where we did business together and very positive experiences were shared for the development of the ecosystem. There are dozens of people here who are devoted to this sector. In this sense, being together will be valuable in terms of productivity and efficiency.”

ECOM BRANDS 100 Awards Ceremony was introduced

Meanwhile, at the launch, WORLDEF Vice President Orxan Isayev provided information about the “ECOM BRANDS 100” project, where the best of the e-commerce ecosystem are awarded. Isayev shared the methodology and vision of the award ceremony that will determine the giants of e-commerce. ECOM BRANDS 100 awards the most innovative and successful internet brands shaping the future of the sector. The ECOM BRANDS 100 Awards Ceremony will be held at the WORLDEF ISTANBUL 2026 event, which will take place at Yenikapı Event Area between June 11-13, 2026, following the announcement of candidate lists, public voting, evaluation with the Power Index, and the announcement of the winners.

About ELC GLOBAL

ELC GLOBAL aims to build strong connections among e-commerce and retail leaders, support strategic collaborations, and create an exclusive community that will shape the future of these sectors. Company owners with a minimum annual e-commerce turnover of 5 million dollars, decision-making executives of brands with a minimum turnover of 25 million dollars, and high-growth entrepreneurs with a growth rate of 400 percent or above can join the platform.

Click for more information!

Revenue Growth Reflects Global Demand Strength

Amazon recorded net sales of $181.5 billion in Q1 2026, representing a 17% increase compared to $155.7 billion in the same period last year. Excluding a $2.9 billion favorable impact from foreign exchange, net sales grew 15% year-over-year, indicating consistent underlying demand across markets.

Regionally, North America generated $104.1 billion in revenue, up 12%, while international sales reached $39.8 billion, growing 19% year-over-year, or 11% on a currency-adjusted basis. The performance highlights Amazon’s continued strength in global e-commerce and cross-border operations.

Operating Income Expansion Driven by AWS

Operating income rose to $23.9 billion, up from $18.4 billion in Q1 2025, reflecting improved efficiency and higher-margin contributions.

Segment performance showed:

• North America operating income: $8.3 billion (up from $5.8 billion)
• International operating income: $1.4 billion (up from $1.0 billion)
• AWS operating income: $14.2 billion (up from $11.5 billion)

AWS remained the primary profit driver, accounting for a significant share of total operating income, supported by sustained enterprise demand and AI-related workloads.

Net Income Accelerates with Investment Gains

Amazon reported net income of $30.3 billion, compared to $17.1 billion in Q1 2025. Earnings per share increased to $2.78, up from $1.59.

The quarter included a $16.8 billion pre-tax valuation gain related to Amazon’s investment in Anthropic, reflecting the growing strategic importance of AI partnerships. Excluding this impact, profitability still showed meaningful year-over-year improvement, driven by operational performance.

AWS Continues to Scale at High Margins

Amazon Web Services generated $37.6 billion in revenue, marking a 28% year-over-year increase and its fastest growth rate in over a year.

AWS delivered $14.2 billion in operating income, with an operating margin of approximately 37.7%, reinforcing its role as Amazon’s most profitable business segment. The division continues to benefit from rising enterprise adoption of cloud infrastructure and generative AI capabilities.

Cash Flow Impacted by Elevated Capital Expenditure

Amazon’s operating cash flow over the trailing twelve months reached $148.5 billion, up from $113.9 billion in the prior year period, representing a 30% increase.

However, free cash flow declined to $1.2 billion, compared to $25.9 billion a year earlier. This decrease reflects a sharp rise in capital expenditures, which increased by $59.3 billion, as Amazon accelerates investments in AI infrastructure, data centers, and logistics capabilities.

Advertising and AI Investments Gain Momentum

Amazon’s advertising revenue reached $17.2 billion, growing 24% year-over-year, as brands continue to shift budgets toward performance-driven digital channels.

The company also highlighted rapid progress in its AI ecosystem, including a custom chip business that has surpassed a $20 billion annualized run rate. Capital expenditures totaled $43.2 billion in Q1, with full-year investments expected to reach approximately $200 billion, underscoring the scale of Amazon’s long-term technology strategy.

Outlook Signals Continued Growth

For the second quarter of 2026, Amazon expects net sales between $194 billion and $199 billion, indicating sustained momentum across its core businesses.

While increased investment continues to weigh on free cash flow, the company’s strong operating performance, combined with accelerating demand for cloud and AI services, positions it for continued growth.

Key Takeaway

Amazon’s first-quarter results highlight a company balancing strong profitability with aggressive long-term investment.

With $181.5 billion in revenue, $30.3 billion in net income, and AWS growing 28%, Amazon continues to strengthen its position at the intersection of e-commerce, cloud computing, and artificial intelligence.

Source

The company reported that 2025 marked a strong growth year, with total revenue reaching approximately $49.99 billion, representing a 45% increase year-over-year. At the same time, the total number of delivered orders climbed to 2.48 billion, up 69%, while average annual orders per customer rose to 38, reflecting stronger user engagement.

Marketplace Momentum Continues

The platform’s growth is also visible in seller performance. Turkish merchants recorded a 48% increase in revenue, highlighting rising cross-border demand and the effectiveness of Ozon’s marketplace tools.

In addition, the company strengthened its position in the regional tech ecosystem, ranking second among Russia’s most valuable internet companies, with a valuation of around $28 billion.

As one of the leading multi-category e-commerce platforms in the region, Ozon continues to leverage its extensive logistics network and marketplace infrastructure to expand internationally and attract new sellers.

New Logistics and Seller Tools

To further support cross-border commerce, Ozon Global introduced a new air cargo delivery channel via TT Express TR, enabling faster shipments from Türkiye to Russia.

Alongside logistics improvements, the company launched updated seller onboarding guides, focusing on product listing optimization and logistics models such as rFBS. These resources aim to simplify entry for new merchants and improve operational efficiency.

Community Engagement and Expansion

Ozon Global is also investing in its seller ecosystem through offline engagement. A recent networking event in Istanbul brought together over 100 participants, offering insights into the Russian market and opportunities for Turkish businesses.

Strategic Outlook

With continued investment in logistics, seller enablement, and marketplace growth, Ozon Global is positioning itself as a key gateway for cross-border e-commerce between Türkiye and Russia.

The latest updates underline a clear strategy:

• expand international seller participation
• enhance delivery infrastructure
• and strengthen platform usability

As global e-commerce competition intensifies, Ozon’s combination of scale, logistics capabilities, and localized seller support is expected to play a central role in its next phase of growth.

Source

The move reflects a broader industry shift: as demand for artificial intelligence surges, the real bottleneck is no longer software innovation, but the physical infrastructure powering it, particularly data centers.

A New Model: Robots Building AI Infrastructure

According to recent reports, SoftBank’s new venture will focus on using autonomous robotics systems to construct data centers more efficiently. Instead of relying heavily on traditional labor, the company aims to deploy robotics and AI to streamline large-scale infrastructure development.

This concept, often referred to as “physical AI”, is gaining traction as tech giants race to scale compute capacity. The idea is simple but powerful: use AI and robotics not just to run systems, but to build the systems themselves.

The company, reportedly named Roze, could go public as early as 2026, with internal targets pointing toward a valuation of around $100 billion.

Strategic Timing in the AI Boom

SoftBank’s timing is deliberate. The global race for AI dominance has triggered massive investments in infrastructure, from hyperscale data centers to energy systems supporting them.

The company has already positioned itself aggressively in this space. It is involved in large-scale initiatives like the Stargate data center project and has expanded its footprint through investments in robotics and digital infrastructure firms.

This new venture consolidates those efforts into a single, focused entity, one that blends robotics, AI, energy, and infrastructure into a unified growth strategy.

Masayoshi Son’s “Physical AI” Vision

Founder Masayoshi Son has long emphasized robotics as the next frontier of AI. While previous consumer-facing robotics bets delivered mixed results, the company is now shifting toward industrial and infrastructure applications, where demand is clearer and margins potentially stronger.

Recent moves including the acquisition of ABB’s robotics division signal a pivot toward large-scale automation in manufacturing and infrastructure development.

The Bigger Picture

SoftBank’s initiative highlights a critical evolution in the AI economy:

• The next wave of value may lie not in AI models, but in the infrastructure behind them
• Automation is expanding beyond software into real-world construction and operations
• Capital-intensive AI infrastructure is becoming a core battleground for global tech players

If successful, SoftBank’s robotics-driven data center model could redefine how AI ecosystems are built, turning infrastructure itself into a competitive advantage.

Source

According to industry data cited by Khaleej Times, the growth has been supported by mobile-first shopping habits, faster delivery services and the UAE’s wider move toward cashless payments. Food and beverage delivery volumes rose by 18% over the past two months, while beauty and personal care increased by 15%. Fashion recorded 14% growth, and long-shelf grocery purchases rose by 11%.

The figures show that online retail demand is expanding across several categories, not only in essential goods. Consumers are increasingly using digital platforms for regular purchases, supported by strong smartphone usage, reliable logistics and broader trust in online payments.

Mobile Shopping Drives Consumer Demand

The UAE’s high internet penetration and advanced digital infrastructure continue to support e-commerce adoption. Mobile shopping has become one of the strongest drivers of this change, with consumers choosing faster, more flexible and convenient purchasing options.

The country’s cashless economy ambitions are also playing an important role. As digital payment usage grows, online transactions are becoming easier and more trusted for both consumers and businesses.

Retailers are responding by investing in omnichannel strategies, marketplace integration and data-led demand planning. These tools help brands manage inventory, improve availability and provide a smoother customer experience across online and offline channels.

UAE Strengthens Its Digital Retail Position

Government initiatives are also reinforcing the sector’s momentum. The UAE Digital Economy Strategy aims to increase the digital economy’s contribution to non-oil GDP to more than 20% over the coming decade. Logistics investments and smart infrastructure upgrades are also improving fulfilment speed and supporting cross-border trade.

With strong connectivity, consumer confidence and continued investment in digital commerce, the UAE is strengthening its position as one of the Middle East’s most advanced e-commerce markets.

Source

According to Reuters, citing Bloomberg News, the Claude maker is entertaining early-stage offers that could place its valuation at more than double its current level. The company has not accepted any offers yet, and discussions remain preliminary.

The report comes only months after it raised $30 billion in February at a valuation of $380 billion. A new round at the reported level would represent one of the largest valuation jumps in the AI startup market.

TechCrunch also reported that Anthropic has received multiple preemptive offers to raise around $50 billion, with valuation proposals ranging between $850 billion and $900 billion. The company is expected to make a decision on the round and valuation during a board meeting in May.

If completed, the deal could place it ahead of OpenAI, which Reuters cited as being valued at $852 billion in March. This would potentially make the company the world’s most valuable AI startup.

Anthropic Eyes $900 Billion Valuation in New Funding Round

The funding discussions come as major technology companies continue to deepen their exposure to the AI market. Anthropic’s key backers include Google and Amazon, both of which have committed multi-billion-dollar performance-based investments to the company.

The potential fundraising also comes ahead of a possible IPO. Bloomberg reported that Anthropic could launch an initial public offering as soon as October, although no final decision has been made.

For the wider AI industry, the reported valuation shows how quickly capital is moving toward companies building foundation models, enterprise AI tools and next-generation AI infrastructure. Investor appetite remains strong despite rising costs linked to computing power, talent and model development.

Anthropic’s Claude has become one of the most closely watched AI platforms in the market, competing directly with OpenAI and other major AI players. A successful round above $900 billion would further strengthen the company’s position in the global AI race.

Source

At the center of this effort is InstaBlock, an artificial intelligence-powered platform designed to detect and process copyright violations at scale. Introduced through the InstaBlock Lab in early 2025, the system enables faster identification of illegal streaming platforms, counterfeit content distribution, and unauthorized media sharing networks. Since its launch, the UAE has blocked a total of 47,667 infringing websites, highlighting both the scale of the issue and the efficiency of the new enforcement model.

AI Strengthens Digital Regulation Framework

The crackdown is being led by the UAE Ministry of Economy in collaboration with the Telecommunications and Digital Government Regulatory Authority, as well as key stakeholders across the media, technology, and entertainment sectors. This coordinated approach reflects a broader national strategy to establish a secure and innovation-driven digital ecosystem.

Authorities have also placed increased focus on high-consumption periods such as Ramadan, when digital content usage rises significantly. Enforcement activity during the holy month has grown dramatically, with blocked websites jumping from just 62 cases in 2023 to 5,677 in 2026. The trend highlights how AI-powered tools are enabling more proactive and responsive regulatory action.

Beyond enforcement, the initiative aims to reshape consumer behavior by encouraging the use of licensed and legitimate content platforms. By limiting access to pirated material, the UAE is reinforcing the value of intellectual property while supporting content creators, distributors, and digital platforms operating within the legal framework.

The rapid expansion of AI-driven enforcement positions the UAE among the leading markets globally in digital regulation. As online content consumption continues to grow, the country’s approach signals a shift toward more advanced, technology-led governance models that balance innovation with compliance.

Source

Speaking at a cabinet meeting, President Lee Jae Myung emphasized the importance of maintaining strong alliances while addressing disputes through “common sense and principles.”

The remarks come amid growing friction between Seoul and Washington following a probe into Coupang, a US-listed e-commerce company, after a major data breach exposed the personal information of more than 33 million users.

E-Commerce Probe Triggers Lawmakers’ Pushback Against US Pressure

The issue has sparked political reaction inside South Korea. Around 90 lawmakers have criticized what they describe as US interference in domestic legal matters related to the investigation.

The group plans to formally protest to the US embassy in Seoul, insisting that the probe should proceed independently without external influence.

The dispute has also drawn attention due to Coupang’s lobbying activity in Washington. Reports indicate the company has spent over $1 million this year engaging with US policymakers, including the White House and Congress.

Data Breach at the Center of Diplomatic Friction

At the core of the conflict is a massive cybersecurity incident disclosed in 2025, which compromised sensitive customer data such as names, phone numbers, and delivery details.

The investigation into the breach has triggered broader geopolitical concerns, as US officials and lawmakers have raised questions about whether American firms are being unfairly targeted.

Recent developments suggest the situation is evolving beyond a regulatory issue into a diplomatic challenge, with both countries attempting to balance legal processes and strategic cooperation.

A Test for US–South Korea Economic Relations

The Coupang case highlights the growing intersection between e-commerce regulation, data security, and international relations. While both governments have reiterated their commitment to cooperation, the dispute underscores how digital economy issues can quickly escalate into broader geopolitical tensions.

For global e-commerce stakeholders, the situation serves as a reminder that data governance and cross-border business operations are increasingly tied to political dynamics, especially when major platforms operate across jurisdictions.

Source

According to TechCrunch, AWS has started offering OpenAI’s latest models through Amazon Bedrock after Microsoft no longer held exclusive rights to OpenAI products. The move follows a broader AWS–OpenAI partnership and gives Amazon a stronger position in the race to serve enterprise AI customers.

AWS announced three limited-preview offerings: OpenAI models on Amazon Bedrock, Codex on Amazon Bedrock and Amazon Bedrock Managed Agents powered by OpenAI. These products are designed to help companies build, test and deploy AI applications using AWS infrastructure, security controls and governance tools.

AWS Bedrock Move Becomes a Key Platform for OpenAI Models

Amazon Bedrock already allows businesses to access models from providers including Anthropic, Meta, Mistral and Cohere. With OpenAI models added to the platform, AWS customers can now compare and deploy frontier AI models through one enterprise cloud environment.

The launch also brings Codex, OpenAI’s coding agent, into AWS workflows. This could support developers with code generation, refactoring, testing and software delivery inside existing enterprise systems.

Amazon Bedrock Managed Agents is another important part of the announcement. The service is designed to help companies build AI agents that can perform multi-step tasks while maintaining security, identity controls, logging and auditability.

For enterprises, the development is significant because it combines OpenAI’s frontier models with AWS’s cloud infrastructure. Businesses can use existing AWS commitments, governance systems and compliance frameworks instead of building separate AI infrastructure.

The announcement also reflects the changing structure of AI partnerships. Microsoft remains a major OpenAI partner, but Amazon’s move shows that cloud competition around AI models and agents is becoming more open and more aggressive.

For more insights on AI, cloud and digital transformation, follow WORLDEF News.

Source