Amid escalating tensions, Iran has turned to the United Nations for mediation, as it seeks to quell unrest following Israeli retaliation against Iranian missile attacks. Meanwhile, Iran's diplomatic endeavors continue as Foreign Minister Abbas Araqchi embarks on visits to Bahrain and Kuwait.

In a tragic maritime accident, a migrant boat capsized near the Greek island of Samos, resulting in two fatalities, while 22 others were rescued despite the perilous winds. This incident starkly reminds us of the ongoing dangers migrants face, mirroring a similar tragedy that occurred off Kos just last week.

Shifting to business news, Lulu Retail Holdings is gearing up for a major IPO on the Abu Dhabi Securities Exchange, offering a 25% stake in the company to prospective investors. With its strong market presence across the Gulf Cooperation Council, expectations for high investor interest are sky-high.

Speaking of the GCC, a report from S&P Global assures that banks in the region are well-equipped to handle potential fund outflows amid geopolitical tensions, backed by robust liquid assets. This resilience, however, may need some government support, especially in the UAE and Qatar, should liquidity issues arise.

In economic updates, Qatar is experiencing a rise in inflation, driven notably by a surge in recreation and culture costs, which increased by over 12%. While the consumer price index continues to rise, projections indicate it may decline by 2029, offering some hope for the future.

In health news, a critically ill Saudi woman has been airlifted from Egypt back to Saudi Arabia for further medical care, highlighting the Saudi government's dedication to its citizens' well-being abroad. This operation, coordinated by the Saudi Consulate in Alexandria, demonstrates their swift response capabilities.