CTech's Monday Roundup of Israeli Tech News

TASE IPO vision leads CEO to clash with regulator. TASE CEO Ittai Ben-Zeev wants to offer shares in the exchange exclusively to the general public, but the Israel Securities Authority has not approved the model. Read more

In Israel, millionaires are the new normal. With the estimated personal wealth in Israel going up by 45% in the last decade, Israelis are now a premier target for global wealth management bankers. Read more

Video | Israel-based NFT unveils design for flying electric car. Called Asaka, Japanese for flying bird, NFT’s vehicle will be equipped with 14 propellers and collapsable wings extracted before take off. Watch the video

Russian supermarket chain X5 is scouting for Israeli tech. Russian business magnate Mikhail Fridman, who also holds Israeli citizenship, is one of X5’s largest shareholders. Read more

The Startup Nation wanted to develop a mobile app to help the elderly. It failed. Israel’s Ministry for Social Equality had spent over $71,000 on a simple mobile app for volunteers looking to assist the elderly, which never came to fruition due to security concerns. Read more

Fitch downgrades Teva, keeps outlook at negative. Fitch pins the downgrade on the drugmaker's slow revenue growth, persisting cost challenges and downward pressure on generic drug prices, and the company's legal trouble in the U.S.Read more

Expert | When ET calls, who should pick up the phone? Billions of dollars are invested in attempts to contact extraterrestrial life, but legislation is still lagging. The law needs to determine who should respond to alien attempts to contact earth, and how. Read more

Tel Aviv among world’s most congested cities. According to a recent report, Tel Aviv was the 19 most congested city in the world in 2018. Read more

Lenovo’s latest AR headset features technology by Israeli startup Lumus. Lumus develops and produces transparent AR displays built with a technology reminiscent of optical fibers. Read more