Amazon opens its platform to local retail market in Israel

Azrieli Group, which owns 13 shopping malls in Israel, was down 1 per cent in Tel Aviv on Wednesday after shedding 3.4 per cent on Tuesday. Retailer Fox was 1.5 per cent lower after a nearly 10 per cent drop on Tuesday.

With the cost of living high, sites such as Amazon have become increasingly popular in Israel since orders below $75 are exempt from taxes, while orders up to $500 are free from customs taxes.

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