Eyal Ben-Simon, chief executive of The Phoenix Holdings, emphasized at the Israel Business Conference that Israel must prioritize defining its core values before focusing on economic growth. He highlighted the country's resilience in maintaining a strong debt to gross domestic product ratio despite recent challenges, and called for strategic investments in security, education, and support for vulnerable populations. Ben-Simon credited The Phoenix for driving competition in Israel's financial sector, noting its rapid growth and appeal to foreign investors. He expressed optimism about the future, suggesting that increased competition and reduced regulatory barriers could benefit financial consumers and further strengthen Israel's financial market.