Ctech's Wednesday Roundup of Israeli Tech News

As city bristles over real estate plans, veteran Tel Aviv mayor beats opposition. Ron Huldai was elected as mayor of Israel’s financial and cultural capital for the fifth consecutive time Tuesday. His win followed a close race with upstart Asaf Zamir. Read more

 

Israel wants to make hiring of non-Israeli experts in the country easier. Among the changes considered are an expedited issuing of employment permits and the removal of compensation thresholds. Read more

Lost? This Startup’s Hand-Gripping Device Will Guide You. TrekAce's wrist-strap serves as a navigator that directs the wearer in real time, using vibrations. Read more

Hyundai inaugurates Israeli innovation hub. In November 2017, the automaker announced an investment in a mobility-focused fund from Israel-based venture capital firm Pitango Venture Capital. Read more

Ehud Barak on why he took up cannabis. In September, Barak, Israel’s most highly decorated soldier, was appointed as chairman of Israeli medical cannabis company InterCure. Read more

Industrial Cybersecurity Company Radiflow Hires New Vice Presidents. The company offers cybersecurity services designed to support critical networks in power and water utilities. Read more

Bank Hapoalim partners with local startup to give biometric access to bank accounts. Using AnyVision’s facial recognition technologies, the bank can let customers open a bank account online without having to come to the bank personally, Ronen Yochpaz, a vice president at the bank said. Read more

Pratt and Whitney Sells Israeli Manufacturing Facility. Bet Shemesh Engines signed an agreement to buy Pratt and Whitney-owned jet parts manufacturer Carmel Forge for $ 58.5 million. Read more

Jerusalem-based Shavit Capital raises $100 million round for fifth fund. The Israeli venture capital firm specializes in late-stage life sciences investments. Read more