Core Insights - An Israeli ministerial committee has approved a law to allow ride-hailing services like Uber and Lyft to operate in Israel, aiming to reduce taxi costs [1] Group 1 - The approval of the law is a significant step towards integrating shared ride-hailing services into the Israeli transportation market [1] - The initiative is expected to enhance competition in the taxi industry, potentially leading to lower fares for consumers [1] - This move aligns with global trends where ride-hailing services are becoming increasingly popular and accepted in various markets [1]