An Israeli ministerial committee has approved a law that would allow ride hailing services, including Uber (UBER) and Lyft (LYFT), to operate in Israel in an effort to lower taxi costs, Steven Scheer of Reuters reports. The law, which still needs full parliamentary approval, would regulate and enable “technology-based transportation operators.”
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER:
- Ministerial Committee Paves Way for Uber and Lyft Ride-Sharing in Israel
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Uber looks to expand further into rural Japan, NY Times reports
- “Don’t Ignore This,” Morgan Stanley Analyst Says UBER Stock Remains Undervalued
- Trump says EU fines ‘very unfair’ for U.S. tech companies