19:18 : UPDATE 1-UAE cabinet approves draft companies law-state agency -
ABU DHABI, Dec 4 - The United Arab Emirates cabinet has approved a draft companies law that will make it easier to set up businesses and strengthen the protection of shareholders, state news agency WAM reported on Sunday.
11:19 : Dubai Shares Advance Most in a Month on Bank Action, Wage Rise -
Dubai's shares rose to the highest in more than a month as global markets gained after European central banks moved to ease the region's debt crisis and the United Arab Emirates increased wages for government employees.