McDonald’s is buying its 30-year-old Israel franchise from Alonyal, taking back ownership of 225 restaurants in the country that employs more than 5,000 people, the companies said on Thursday. The US fast-food chain has been subject to boycotts and protests since Alonyal announced shortly after the Oct. 7 attack by Palestinian Islamist group Hamas that it would be donating free meals to Israeli military.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pakistan faces default risk without IMF loan: Moody’s

Moody’s Investor Service warned that without an International Monetary Fund (IMF) program…

Rupee appreciates against dollar in interbank

Islamabad: The exchange rate of the Pakistani rupee strengthened by Rs. 2.96…

Govt hikes petrol, diesel prices by Rs 35 per litre

Finance Minister Ishaq Dar on Sunday announced that the federal government has…

Jameel Ahmad appointed as SBP’s new governor

Karachi: The federal government on Friday appointed Jameel Ahmad as the new…