CTech's Monday Roundup of Israeli Tech News
Tel Aviv’s light rail just needs more time and an extra half a billion shekels; Israel’s finance ministry, Central Bank warn against financial disaster
Tel Aviv’s light rail just needs more time and an extra half a billion shekels. Completion is now estimated for the second half of 2022; the delays, as well as the need for additional budget, are for the completion of the electric, signaling, and communication systems, according to people familiar with the matter. Read more
Israel’s finance ministry, Central Bank warn against financial disaster. Israel’s political stagnation could steer the country towards mounting deficit, hurt social services and other essential government functions. Read more
The Israeli parliament. Photo: Shutterstock The uber case: why micro-mobility companies need a better business plan. Last week, shared e-scooter company Lime announced a significant downsizing of its operation and a new focus on profitability, marking the way for its rivals to what? Read more
With European funding, Israel plans Gaza natural gas pipeline. The pipeline is planned to supply Gaza with up to 1 billion cubic meters of natural gas a year, which could cover most of the strip’s electricity needs. Read more
In Israel, stormy week caused more than $580 million in damages. More than 50,000 insurance claims were already filed for damages caused by the storm. Read more
Israeli MasterChef judge to feed hungry Microsoft employees. The multinational software company has hired celebrity television chef Haim Cohen to oversee six dining areas in Microsoft’s new Herzliya campus, Ynet reported Sunday. Read more
Live video courses marketplace Jolt raises $14 million. Jolt operates a network of campuses offering professional video courses to tech workers in all career stages. Read more
The Future of Money Conference:
Facial recognition can be used for identity theft, says Forter CEO. Watch the video
AI, blockchain not enough to succeed in tech, says Citi Venture exec. Watch the video
Banks don’t know how to efficiently serve mid-market businesses, says Tipalti CEO. Watch the video
Local payment market was lagging behind in technological innovation, says Mastercard’s Israel manager. Watch the video
Bitcoin is a catalyst for the dark web, says cyber intelligence exec. Read more
By 2022, all transactions in Israel will be smart transactions, says bank of Israel exec. Read more
