According to Mohamed Al Hussaini, the UAE’s Minister of State for Financial Affairs, nations in the Arab world must examine and update their tax systems to accommodate growing costs and changing economic structures.
Al Hussaini underlined the need for “decisive (tax) reform efforts,” enhanced income streams, and policies that support job creation and economic resilience in his remarks at the World Government Summit (WGS) 2025 during the Arab Fiscal Forum.
Al Hussaini emphasised that in order to adjust to structural changes in Arab economies, tax structures must be updated. Enhancing revenue streams is also necessary to offset growing expenses. He clarified that tax systems need to anticipate and adapt to structural changes in Arab economies.
Additionally, he emphasised how crucial it is to “create incentives for young people to work in the private sector.” He also emphasised incentives for employment in the private sector and improvements to governance as important factors influencing medium-term growth.
The minister also exhorted Arab countries to use digitalisation and artificial intelligence (AI) to improve the efficacy and efficiency of tax systems. He declared, “In the UAE, we have established strong foundations for government operations that support the nation’s development trajectory and strategic objectives.
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