Palestinians and Israelis began peace talks in Washington.
OPEC exports surged nearly 10 percent in value to $1.26 trillion in 2012.
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.