Economics
U.S. oil futures fell to their lowest level in 2013 on Monday, declining for a third consecutive session in reaction to slowing growth in China and indicators that oil markets are amply supplied.
A slide in Egypt's foreign reserves slowed sharply in February, central bank data has shown, but their low levels kept Cairo under heavy pressure to secure an IMF loan.
Companies and business
The value of Lebanese retail sales fell by 12.3 percent in 2012, the Beirut Traders Association-Fransabank Retail Index has said.
The organisation overseeing global website addresses and internet policy says more sites in the Arab world should have local domain names.
The president of the Association of Banks in Lebanon predicts that local banks will continue to maintain steady profits in 2013 despite the difficult environment in the country and the Middle East.
Abu Dhabi-based First Gulf Bank has fully repaid federal government funds it received in the wake of the global financial crisis, it said on Monday, a move other banks in the country are expected to follow in 2013.
Saudi Arabia's government has promised to offer discounted jet fuel to foreign airlines setting up in its domestic market as the kingdom pushes ahead with its fledgling open skies policy.
And finally…
Fast food chain McDonald’s Arabia has denied having horsemeat in any of its products.
