Dubai is threatening retaliation against American strategic and commercial interests if Washington blocks its $6.8 billion takeover of operations at several U.S. ports.
As the House Appropriations Committee yesterday marked up legislation to kill Dubai Ports World’s acquisition of Britain’s Peninsular and Oriental Steam Navigation (P&O), the emirate let it be known that it is preparing to hit back hard if necessary.
A source close to the deal said members of Dubai’s royal family are furious at the hostility both Republicans and Democrats on Capitol Hill have shown toward the deal.
“They’re saying, ‘All we’ve done for you guys, all our purchases, we’ll stop it, we’ll just yank it,’” the source said.
Full Story @ TheHill
I guess nobody told them you get more flies with honey than with threats. Personally I don't want any outsiders running any part of our country, including the Indianapolis airport, and sea ports that China runs in California. However that being said speaking just economics, it "seems" like a win/win for everyone. -Ed
Posted by Muddy at March 9, 2006 01:43 PMProblem solved apparently:
"Dubai Firm to Give Up Stake in U.S. Ports"
http://news.yahoo.com/fc/world/united_arab_emirates
Posted by: mrs. muddy at March 9, 2006 04:35 PM