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Uber Stock Edges Higher as Israel Approves Ride-Hailing Law

Uber Stock Edges Higher as Israel Approves Ride-Hailing Law

Author:

Global Cryptocurrency

Published:

2026-01-19 07:02:02

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BTCCSquare news:

Uber shares saw modest gains after Israel's ministerial committee approved legislation that WOULD legalize ride-hailing services. The move signals a potential re-entry for Uber into a market it exited last year amid regulatory challenges.

The new framework balances tech-driven mobility services with protections for traditional taxi operators. Implementation details—including driver licensing, fare structures, and insurance requirements—will dictate the speed of market rollout.

Investors responded cautiously to the news, with Uber's stock ticking upward as the company eyes renewed growth opportunities in a regulated environment. The law still requires parliamentary approval before taking effect.

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