Dubai’s DFSA reports a record number of licensed firms in 2023 - Smart Zones® UAE
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Dubai’s DFSA reports a record number of licensed firms in 2023

Among all the registered firms, the authority observed an increase in Asset Managers and Hedge Fund Managers establishing a presence in DIFC

117 new firms licensed and registered in 2023.

The Dubai Financial Services Authority (DFSA) has announced a record-breaking number of firms licensed and registered since its establishment, achieving remarkable growth in 2023. 117 firms were registered during the year, marking an increase of 25 percent from the year prior.

Among all the registered firms, the authority noted an increase in Asset Managers and Hedge Fund Managers establishing a presence in the Dubai International Financial Centre (DIFC).

As of November 2023, the DIFC exchange, NASDAQ held the world’s largest listed ESG sukuk market valued at $27 billion.

Fadel Al Ali, Chairman of the DFSA, said: “The remarkable achievements of 2023 are a testament to our dedication to not only regulate the present but to also shape and govern the future. Our aim is to become a global benchmark as an international regulatory body, delivering excellence in tandem with the government’s strategic vision – including Dubai Economic Agenda D33.”

   

Publish January 23, 2024

Source: https://www.arabianbusiness.com/industries/banking-finance/dubais-dfsa-reports-record-number-of-licensed-firms-in-2023

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