Tel Aviv-Yafo ( ; ), often referred to as just Tel Aviv, is the most populous city in the Gush Dan metropolitan area of Israel. Located on the Israeli Mediterranean coastline and with a population of , it is the economic and technological center of the country. If East Jerusalem is considered part of Israel, Tel Aviv is the country's second most populous city after Jerusalem; if not, Tel Aviv is the most populous city ahead of West Jerusalem. Tel Aviv is governed by the Tel Aviv-Yafo Municipality, headed by Mayor Ron Huldai, and is home to most of Israel's foreign embassies. It is a beta+ world city and is ranked 57th in the 2022 Global Financial Centres Index. Tel Aviv has the third- or fourth-largest economy and the largest economy per capita in the Middle East. The city currently has the highest cost of living in the world. Tel Aviv receives over 2.5 million international visitors annually. A "party capital" in the Middle East, it has a lively nightlife and 24-hour culture. The city is gay-friendly, with a large LGBT community. Tel Aviv has been called "The World's Vegan Food Capital", as it possesses the highest per capita population of vegans in the world, with many vegan eateries throughout the city. Tel Aviv is home to Tel Aviv University, the largest university in the country with more than 30,000 students. The city was founded in 1909 by the Yishuv (Jewish residents) as a modern housing estate on the outskirts of the ancient port city of Jaffa (Yafo in Hebrew), then part of the Mutasarrifate of Jerusalem within the Ottoman Empire. It was at first called Ahuzat Bayit ( "House Estate" or "Homestead"), the name of the association which established the neighbourhood. Its name was changed the following year to Tel Aviv, after the biblical name Tel Abib ( "Tell of Spring") adopted by Nahum Sokolow as the title for his Hebrew translation of Theodor Herzl's 1902 novel Altneuland ("Old New Land"). Other Jewish suburbs of Jaffa had been established before Tel Aviv, the oldest among them being Neve Tzedek. Tel Aviv was given township status within the Jaffa Municipality in 1921, and became independent from Jaffa in 1934. Immigration by mostly Jewish refugees meant that the growth of Tel Aviv soon outpaced that of Jaffa, which had a majority Arab population at the time. In 1948 the Israeli Declaration