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Dubai Port Company to Relinquish U.S. Holdings

By Jeralyn, Section War on Terror
Posted on Thu Mar 09, 2006 at 11:33:59 AM EST
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Breaking: The Washington Post reports:

The United Arab Emirates company that was attempting to take over management operations at six U.S. ports announced today that it will divest itself of all American interests.

Sen. John Warner (R-Va.) announced on the Senate floor shortly before 2 p.m. that Dubai Ports World would "transfer fully the operations of U.S. ports to a U.S. entity." Warner, who had been trying to broker a compromise on the issue, said DP World would divest itself of U.S. interests "in an orderly fashion" so as not to suffer "economic loss."

[Hat tip to Democratic Daily.]

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    Dubai Port Company to Relinquish U.S. Holdings | 7 comments (7 topical)
    Re: Dubai Port Company to Relinquish U.S. Holdings (none / 0) (#1)
    by aw on Thu Mar 09, 2006 at 12:20:21 PM EST
    I would love to know what went on during all the negotiations among Bush-Congress-DP-Other entities. I hope somebody gets that story to us.

    Re: Dubai Port Company to Relinquish U.S. Holdings (none / 0) (#2)
    by Talkleft Visitor on Thu Mar 09, 2006 at 12:56:47 PM EST
    Either Karl, or Jim Baker, or somebody, saw the handwriting on the wall-- that this was going to ugly for Junior-- and made the phone call to the UAE. The Emir of Dubai... saving George W. Bush from himself. Pity no one is saving anyone else from him.

    Re: Dubai Port Company to Relinquish U.S. Holdings (none / 0) (#3)
    by desertswine on Thu Mar 09, 2006 at 01:05:20 PM EST
    This ain't over. This is still going to stink like a week old corpse in the Juarez sun.

    Re: Dubai Port Company to Relinquish U.S. Holdings (none / 0) (#4)
    by Talkleft Visitor on Thu Mar 09, 2006 at 01:18:43 PM EST
    A "U.S. entity", eh? Would that be a P.O. box in Delaware, maybe? But of course it's all about form, not substance.

    Re: Dubai Port Company to Relinquish U.S. Holdings (none / 0) (#5)
    by Sailor on Thu Mar 09, 2006 at 01:39:11 PM EST
    DP World would divest itself of U.S. interests "in an orderly fashion" so as not to suffer "economic loss."
    I predict they are just going to wait until something shiny distracts congress and the press and then do nothing.

    Re: Dubai Port Company to Relinquish U.S. Holdings (none / 0) (#6)
    by Che's Lounge on Thu Mar 09, 2006 at 03:25:15 PM EST
    The xenophobes in this country need to be double dosing on their lithium this week. I hope they ask Jack Cafferty what he thinks of this move by the UAE.

    Re: Dubai Port Company to Relinquish U.S. Holdings (none / 0) (#7)
    by Che's Lounge on Thu Mar 09, 2006 at 03:28:45 PM EST
    I wonder if Dubai Ports World told anyone in congress or the WH about this decision, maybe like 2 days ago? This whole "GOP revolt" may have been staged.

    Dubai Port Company to Relinquish U.S. Holdings | 7 comments (7 topical)