In 2023, the Dubai Financial Services Authority (DFSA) experienced exceptional growth, licensing a record-breaking 117 firms, marking a 25% increase from the previous year. Notably, there was substantial growth in Asset and Hedge Fund Managers in the Dubai International Financial Centre (DIFC), with a 125% YoY increase in the latter. Nasdaq Dubai now leads the world's largest ESG sukuk market at $27bn, making up over 60% of US-denominated ESG sukuk. The DFSA also strengthened ties with regulatory bodies, signing an MoU with the UAE's Financial Intelligence Unit and partnering with the Hong Kong Monetary Authority to enhance climate finance in the Middle East and Asia. Additionally, the DFSA announced a regulatory fee waiver for sustainability-related debt securities listings in the DIFC throughout 2024. Looking ahead, Fadel Al Ali, Chairman of the DFSA, emphasized their commitment to four strategic pillars: Delivery, Engagement, Innovation, and Sustainability, aiming to set global standards and drive progress in the financial landscape.