Uber Technologies (UBER) and Lyft (LYFT) could potentially operate in Israel after a draft bill received approval from the country's Ministerial Committee for Legislative Affairs, according to a Google-translated text of the transport ministry's statement from Sunday.
The bill, which is yet to receive parliamentary approval, is intended to regulate the operation of collaborative transportation services in Israel, and will include safety regulations, driver screening, and appropriate insurance, the ministry said.
Uber and Lyft did not immediately respond to requests for comment from MT Newswires.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments