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Saudi and UAE: The Cold Gulf War

📈 Our WYNDEX (What’s Your Number Index) update for today: The WYNDEX had its worst week since launch, falling 5.41% and underperforming both the S&P and the NASDAQ. Yonatan and Yael break down why Israeli SaaS names were hit hardest, how AI is accelerating a credibility reset across software markets, and why biotech emerged as a rare bright spot amid the selloff. 🔎 Our Long Play today Yael and Yonatan examine the growing rivalry between Saudi Arabia and the UAE and how it may define the economic future of the Middle East. As MBS’s Vision 2030 fails to meet its KPIs, Abu Dhabi has been quietly building power through capital, energy infrastructure, and global partnerships. From India and Central Asia to gas pipelines and ports, Yael and Yonatan follow the money to explain what this strategic shift means for Israel’s economic future, regional influence, and the limits of headline diplomacy. Also, a bit of housekeeping: On a bittersweet note, Michal Lev-Ram, who launched WYN with Yonatan, has accepted a role at Morgan Stanley and will step down as co-host. Michal joins Yonatan today to pass the torch to Yael, who'll take over as our official co-host. In this episode: 00:00 - Numbers of the Week 05:53 - The WYNDEX 11:16 - Big Short #1: Netafim and Chinese capital 14:47 - Big Short #2: Israel’s airspace crunch and El Al’s fine 19:10 - Long Play: Saudi Arabia vs. the UAE and the real power map of the region 33:23 - Words of the Week Find us on: YouTube Instagram LinkedIn Yael on X Yonatan on X Write to us here New episodes drop on Wednesdays LEGAL DISCLAIMER This podcast offers general business and economic information and is not a comprehensive summary for investment decisions. It does not recommend or solicit any investment strategy or security. CREDITS: Hosts - YONATAN ADIRI & YAEL WISSNER-LEVY Executive Producer - ADAAM JAMES LEVIN-AREDDY Production Manager - BRITTANY COHEN Community Manager - AVA WEINER Sound and Video editing - MARTIN HUERGO AND PATRICIO SPADAVECCHIA Music - MIDNIGHT GENERATION

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Saudi Arabia Part 2: Is the Window for Normalization Narrowing?

Find us on: 📺 YouTube 📸 Instagram 💼 LinkedIn 𝕏 Michal on X 𝕏 Yonatan on X 📩 Write to us here 🎯Our Big Shorts for today: The One Big Beautiful bill passes the House… implications for Israel?EU threats on freezing “Association Agreement” with Israel and “Horizon 2020” academic funding🔎And our Long Play today is on Saudi Arabia Part 2: Is the Window for Normalization Narrowing? 📅 New episodes drop every Wednesday What’s Your Number? is hosted from Tel Aviv and Silicon Valley by Yonatan Adiri — Israeli entrepreneur and former advisor to President Shimon Peres — and Michal Lev-Ram, Israeli-born Silicon Valley-based tech journalist and contributing editor at Fortune. Together, they unpack the headlines, trends, and data driving Israel’s economy and its future. ⚖️ LEGAL DISCLAIMER This podcast offers general business and economic information and is not a comprehensive summary for investment decisions. It does not recommend or solicit any investment strategy or security. 🎧 CREDITS: ILAN BENATAR - Producer & Editor MARTIN HUERGO - Sound Editor GABE SILVERSTEIN - Research Theme Music by MIDNIGHT GENERATION

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A New Era for Defense Tech?

Find us on: 📺 YouTube 📸Instagram 💼LinkedIn 𝕏 Michal on X 𝕏 Yonatan on X 📩Write to us here 🎯Our Big Shorts for today: The devastating wildfires outside JerusalemThe US economy contracts - what’s the impact on Israel?🔎And our Long Play today is A New Era for Defense Tech? 📅New episodes drop every Wednesday What’s Your Number? is hosted from Tel Aviv and Silicon Valley by Yonatan Adiri — Israeli entrepreneur and former advisor to President Shimon Peres — and Michal Lev-Ram, Israeli-born Silicon Valley-based tech journalist and contributing editor at Fortune. Together, they unpack the headlines, trends, and data driving Israel’s economy and its future. ⚖️ LEGAL DISCLAIMER This podcast offers general business and economic information and is not a comprehensive summary for investment decisions. It does not recommend or solicit any investment strategy or security. 🎧 CREDITS: ILAN BENATAR - Producer MICHAL LEV-RAM - Editor MARTIN HUERGO - Sound Editor GABE SILVERSTEIN - Research Theme Music by MIDNIGHT GENERATION

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What's up with the WYNDEX?

Find us on: 📺 YouTube 📸 Instagram 💼 LinkedIn 𝕏 Michal on X 𝕏 Yonatan on X 📩 Write to us here 📈Our WYNDEX update for today: Another week when all three are in the green: NASDAQ at 1.18%, S&P at 1.39% and WYNDEX at 1.78%. The biggest WYNDEX mover on the green, again, is SolarEdge. This week the company saw a 39.9% increase, mainly attributed to the passing of the Big Beautiful Bill.🎯Our Big Shorts for today: Semiconductor giant Nvidia is planning to build out a multibillion dollar tech campus in Northern Israel Israel’s central bank chooses to hold interest rates at 4.5% - for now🔎And our Long Play today is all about the WYNDEX. How and why did we create our very own index of Israel-based and Israeli-founded public companies? What is our methodology? And what can the WYNDEX tell us about the strengths - and weaknesses - of the Israeli economy? We answer these questions and more in this week’s episode. 📅 New episodes drop every Wednesday What’s Your Number? is hosted from Tel Aviv and Silicon Valley by Yonatan Adiri — Israeli entrepreneur and former advisor to President Shimon Peres — and Michal Lev-Ram, Israeli-born Silicon Valley-based tech journalist and contributing editor at Fortune. Together, they unpack the headlines, trends, and data driving Israel’s economy and its future. ⚖️ LEGAL DISCLAIMER This podcast offers general business and economic information and is not a comprehensive summary for investment decisions. It does not recommend or solicit any investment strategy or security. 🎧 CREDITS: ILAN BENATAR - Producer MICHAL LEV-RAM - Editor MARTIN HUERGO - Sound Editor GABE SILVERSTEIN - Research Theme Music by MIDNIGHT GENERATION

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Can Israel Become a Trillion Dollar Economy? - with Michael Eisenberg

Find us on: 📺 YouTube 📸 Instagram 💼 LinkedIn 𝕏 Michal on X 𝕏 Yonatan on X 📩 Write to us here 📈Our WYNDEX update for today: It’s our last WYNDEX update of the year! On that note, here is our year-to-date comparison: WYNDEX - 20.78% S&P - 15.77% NASDAQ - 20.12% Our best performers of the year were: Lemonade with 125% Elbit with almost 100% Nova measurements up 64% TEVA up 24% (and is now a $35B company) However, our WYN “babies” - the newcomers - were down for the year: Etoro (~46% in the red) Via (32.74%). Monday.com (35%) WIX was cut in half… 🔎And our Long Play today is a conversation with friend of the show investor Michael Eisenberg to talk about a recent piece he wrote in SAPIR Journal titled “Building Israel’s Trillion Dollar Economy.” Michael’s core argument is that Israel can (and must) double its GDP over the next 10 years, but that the growth drivers that got the economy to its current point won’t be enough to get it to this next milestone. We speak to Michael about his proposals and how he thinks Israel can continue to grow in the future. (And for more, please see the link to his article in SAPIR here: https://sapirjournal.org/money/2025/building-israels-trillion-dollar-economy/) 📅 New episodes drop every Wednesday What’s Your Number? is hosted from Tel Aviv and Silicon Valley by Yonatan Adiri — Israeli entrepreneur and former advisor to President Shimon Peres — and Michal Lev-Ram, Israeli-born Silicon Valley-based tech journalist and contributing editor at Fortune. Together, they unpack the headlines, trends, and data driving Israel’s economy and its future. ⚖️ LEGAL DISCLAIMER This podcast offers general business and economic information and is not a comprehensive summary for investment decisions. It does not recommend or solicit any investment strategy or security. 🎧 CREDITS: Hosts - YONATAN ADIRI and MICHAL LEV-RAM Executive Producer - ADAAM JAMES LEVIN-AREDDY Production Manager - BRITTANY COHEN Sound and Video editing - MARTIN HUERGO Music - MIDNIGHT GENERATION

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Between Trauma and Torah: Jewish Leadership after October 7

What does it mean to lead Jewish communities through crisis? And how can North American Jews navigate complex relationships with Israel during wartime? In a raw and honest conversation recorded live at the Shalom Hartman Institute in Jerusalem on July 14, 2025, Institute presidents Donniel Hartman and Yehuda Kurtzer tackle difficult questions about Jewish leadership, trauma, and the responsibility to stay "okay" when the world feels broken. Watch the video version of our podcast on our Youtube channel. Past episodes of this show, and other podcasts from Ark Media can be found at arkmedia.org. For more ideas from the Shalom Hartman Institute, visit shalomhartman.org, or JOIN OUR EMAIL LIST. Sponsor an upcoming episode of For Heaven’s Sake. Click here to learn more.

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Israel's Post-War Economy

Find us on: 📺 YouTube 📸 Instagram 💼 LinkedIn 𝕏 Michal on X 𝕏 Yonatan on X 📩 Write to us here 📈Our WYNDEX update for today: September 29th to October 11th was another period of the WYNDEX in the green, albeit showing just a modest 0.42% growth rate. Meanwhile, both NASDAQ and the S&P were down in the same period. The WYNDEX’s biggest mover was Compugen, a 20-year publicly traded drug company, which was up 25% due to positive results in clinical trials for ovarian cancer drugs. However, Israeli digitals, particularly on the consumer side, have suffered these past couple of weeks. 🔎And our Long Play today is a conversation between Yonatan and Michal about how the end of the Gaza war could shape Israel’s economy. We’ve discussed in previous episodes how Israel’s war against Hamas has hit parts of the economy – and spared others – especially considering the hundreds of thousands of reservists who’ve been forced to leave their civilian lives multiple times to fight on the frontlines. Today, we ask how the resumption of “normal life” will alter the economy we’ve experienced over the past two years. Also, will the Gaza deal bring more regional states toward the Abraham Accords? 📅 New episodes drop every Wednesday What’s Your Number? is hosted from Tel Aviv and Silicon Valley by Yonatan Adiri — Israeli entrepreneur and former advisor to President Shimon Peres — and Michal Lev-Ram, Israeli-born Silicon Valley-based tech journalist and contributing editor at Fortune. Together, they unpack the headlines, trends, and data driving Israel’s economy and its future. ⚖️ LEGAL DISCLAIMER This podcast offers general business and economic information and is not a comprehensive summary for investment decisions. It does not recommend or solicit any investment strategy or security. 🎧 CREDITS: Hosts - YONATAN ADIRI and MICHAL LEV-RAM Executive Producer - ADAAM JAMES LEVIN-AREDDY Sound and Video editing - MARTIN HUERGO Music - MIDNIGHT GENERATION

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Israel at War – The New Plan

As Israel enters a perilous new stage of the Gaza war—authorizing indefinite occupation of captured territory—Netanyahu’s pledge of “complete victory” over Hamas is deepening societal rifts and threatening to further fracture Israeli unity, pitting nationalist agendas against calls for restraint. In this episode, Donniel Hartman and Yossi Klein Halevi dissect the cascading consequences of occupation tactics, from escalating Gazan casualties to the erosion of soldiers’ morale, and as the conflict enters its 577th day, ask: Can a nation survive when its leaders weaponize survival itself? JOIN OUR EMAIL LIST FOR MORE HARTMAN IDEAS Sponsor an upcoming episode of For Heaven’s Sake. Click here to learn more.

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A New Era?

Can a society traumatized by October 7 learn to hope again? As Trump unveils his Arab supported Gaza peace plan, Donniel Hartman and Yossi Klein Halevi examine why Israelis struggle to embrace hope after October 7. They discuss the plan's moral dimensions, its focus on defeating Hamas while offering Palestinians a future, and what it means to believe in change when your world feels broken. A timely conversation about transformation, just before Yom Kippur. Watch the video version of our podcast on our Youtube channel. Past episodes of this show, and other podcasts from Ark Media can be found at arkmedia.org. For more ideas from the Shalom Hartman Institute, visit shalomhartman.org, or JOIN OUR EMAIL LIST. Sponsor an upcoming episode of For Heaven’s Sake. Click here to learn more.

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The Season of Reckoning

Can we maintain the highest ethical standards without betraying national solidarity? As the war in Gaza surpasses 700 days and the High Holidays approach, Donniel Hartman and Yossi Klein Halevi explore what it means to love Israel unconditionally while grappling with the challenges of moral responsibility during time of war. They discuss maintaining ethical credibility while under attack and advocate making space for the "troubled committed"—Jews who refuse to choose between loyalty and ethics—concluding that the hardest questions often come from the place of deepest love. From the episode: “Our season of reckoning: Israel’s moral crossroads in Gaza” by Yossi Klein Halevi, Times of Israel “The Troubled and the Committed” by Liel Leibovitz, Tablet Magazine “Liberal Zionism and the Troubled Committed” by Donniel Hartman, Sources: A Journal of Jewish Ideas, Fall 2021 As the Gaza war reaches day 703 and the High Holidays approach, Donniel Hartman and Yossi Klein Halevi wrestle with the challenge of moral reflection in wartime after a painful week. How do you maintain ethical standards without betraying solidarity? They address soldiers’ sacrifices, the fate of hostages, Gazan civilians, and the stakes of a potential ceasefire decision, exploring what it means to love Israel unconditionally while grappling with difficult moral questions. They discuss the "troubled committed" - Jews who refuse to choose between loyalty and ethics, and why making space for their voices strengthens rather than weakens support for Israel. A raw, honest conversation about maintaining ethical credibility while under attack, and why the hardest questions often come from the deepest love. From the episode: “Our season of reckoning: Israel’s moral crossroads in Gaza” by Yossi Klein Halevi, Times of Israel “The Troubled and the Committed” by Liel Leibovitz, Tablet Magazine ---- Yossi’s article: https://blogs.timesofisrael.com/our-season-of-reckoning-israels-moral-crossroads-in-gaza/Tablet Article: https://www.tabletmag.com/sections/news/articles/uja-gaza-donation-troubled-committed-liel-leibovitzWatch the video version of our podcast on our YouTube channel. Past episodes of this show, and other podcasts from Ark Media can be found at arkmedia.org. For more ideas from the Shalom Hartman Institute, visit shalomhartman.org, or JOIN OUR EMAIL LIST. Sponsor an upcoming episode of For Heaven’s Sake. Click here to learn more.

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Welcome aboard the Ark Media podcast network — a home for navigating Jewish life, Israel, and our rapidly changing world. Join us in the Jewish tradition of intense debate grounded in shared values as we pursue common goals.

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Ark Media

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Saudi and UAE: The Cold Gulf War

Saudi Arabia Part 2: Is the Window for Normalization Narrowing?

A New Era for Defense Tech?

What's up with the WYNDEX?

Can Israel Become a Trillion Dollar Economy? - with Michael Eisenberg

Between Trauma and Torah: Jewish Leadership after October 7

Israel's Post-War Economy

Israel at War – The New Plan

A New Era?

The Season of Reckoning

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