The Ministerial Committee for Legislation in Israel has approved a draft bill that would allow ride-hailing services such as Uber and Lyft to operate in the country. The proposed legislation aims to regulate these services, ensuring passenger safety, thorough driver screening, proper insurance, and vehicle monitoring, while also providing support for local taxi drivers as new competition enters the market. The bill is set to move forward for a preliminary reading in the Knesset next week, marking a significant step towards opening Israel's transportation market to international ride-sharing companies. Officials believe this move will increase competition, lower transportation costs, and create new job opportunities.