The CEO of the authority, Ian Johnston, confirmed this growth to the Emirates News Agency and predicted that 2024 would be the most dynamic year yet for new license issuances.

This trend is expected to continue with an influx of financial technology startups, as well as major corporations and international banks joining the Dubai International Financial Centre (DIFC).

The DIFC, which is a hub in the Middle East, Africa, and South Asia region, connects fast-growing markets with global economies and provides dining, retail, and living amenities.

The CEO of the Dubai International Financial Centre (DIFC) expects over 100 applications from companies and plans to license around 130-140 new businesses, reflecting the center's growth.

The DIFC is the primary international financial destination in the Middle East, contributing to Dubai's goal of becoming a global financial hub.

The center has seen an increase in successful companies and facilitates business deals.

Nasdaq plays a significant role in the DIFC, making it the world's largest sustainable sukuk market, with over 60% in US dollars tied to environmental, social, and governance criteria and around 50% linked to governance and social responsibility.

Nasdaq Dubai is currently the leading exchange for listing environmental, social, and governance sukuk (Islamic bonds), indicating growing interest in sustainable investments and Nasdaq Dubai's role as a preferred platform for such issuances.

The Dubai International Financial Centre (DIFC) is expected to continue growing and accommodates over 40,000 professionals.

Dubai aims to become one of the top global financial centers in the coming years, and the Dubai Financial Services Authority supports innovation in the fintech sector while adhering to regulations.

In early 2023, the Dubai International Financial Centre (DIFC) experienced exceptional growth, licensing and registering a record-breaking 117 firms, a 25% increase from the previous year.

This growth aligns with companies' efforts towards regulatory compliance and sustainable growth.

DIFC's highest gross written premiums of $2.6 billion were also recorded in 2023, marking a 23% increase and a new record in the organization's 20-year history.

Financial technology operators are beginning to understand the regulatory process, and DIFC's role is to enforce directives to protect investors.

The text reports an increase of 20% in the registration of insurance and reinsurance companies at the Bermuda Monetary Authority, with a new Guernsey-based captive being the first movers in this trend.