Palestinians and Israelis began peace talks in Washington.
A wave of car bombings targeting busy streets and markets killed at least 60 people in Iraq on Monday. This follows Sunday's blast that disabled the country's oil export pipeline to Turkey.
OPEC exports surged nearly 10 percent in value to $1.26 trillion in 2012.
Operations at Libya's main oil export terminals ground to a halt over the weekend due to strikes, Reuters reports. Meanwhile, the country's prime minister announced a government reshuffle.
Rents in Dubai are rising faster than wages, according to a new report.
Saudi Arabia awarded $22 billion in contracts to build a metro system in Riyadh. Among the winners were Almabani and Consolidated Contractors Company. The massive project aims to be complete in five years.
