el Aviv is the most expensive city in the Middle East in terms of price levels, the 2015 edition of the Prices and Earnings report from Swiss bank UBS confirmed on Thursday.
Israel's second largest city is closely followed by Dubai in the United Arab Emirates, which actually ranks higher when including rent prices into the calculation.
The world's most expensive cities - according to the survey which examines the price levels, wage levels and purchasing power of 71 cities worldwide - are Zurich, Geneva and New York.
The report indicates that employees in Zurich, Geneva and Luxembourg City are earning the highest grossing salaries worldwide, while workers in Nairobi, Jakarta and Kiev earn the lowest.