01
Dec
Israeli city Tel Aviv has emerged as the world's most expensive place to live in. The latest ranking was compiled by the Economist Intelligence Unit (EIU). The Worldwide Cost of Living Index is compiled by comparing prices in US dollars for goods and services in 173 cities. Tel Aviv climbed five steps up to score a top place for the first time. There have been many reasons how the middle eastern city climbed the rankings. One of the major reasons is the strengthening of the national currency, the shekel, against the dollar, as well increases in prices for transport and…