09 March, 2006
DPW pulls out of ports deal
(I've always wanted to do a posting as big as other people on here!!!1)
WASHINGTON (CNN) -- A United Arab Emirates-owned company has agreed to turn over all of its operations at U.S. ports to an American "entity," Sen. John Warner said Thursday.
Reading a statement from DP World on the Senate floor, Warner, a Virginia Republican, said the reason is "to preserve" the strong relationship between the UAE and United States.
More here
Warner, a Virginia Republican, read to the U.S. Senate from a document he said was a statement by Dubai Ports World's chief operating officer, Edward Bilkey. "DP World has decided to transfer fully the U.S. operation of P & O Ports, North America to a United States entity," Warner read from the document.
More here
UPDATE: this comes just in time as people began playing the Human Rights card on the UAE;
WASHINGTON - The State Department's human rights report ripping the United Arab Emirates landed with near-perfect bad timing for the White House yesterday in the middle of the ports sale debate.
Opponents of the deal quickly seized on the report as yet another strike against the sale of terminals at six major U.S. ports to a firm owned by the government of Dubai, one of the seven emirates.
More here
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9 comments:
What a shame ...
So many lessons to be learnt on all sides here.
But none of them will be.
we do
Sam - I wouldn't go as far to say that they've pulled out of the deal.
They're still buying P&O, it's just that the US operations will be run by a "US entity" - whatever that means.
I'm just disappointed that this decision will most likely be seen as a victory by the opposers, and that DP World and the UAE seemingly did not stand up and vigorously and publicly defend themselves against the accusations that were being made.
I think that there's a lot that happened behind the scenes that we may never know about. Sheikh Mohammed would not lightly make this decision on behalf of DP World without good reason.
Now if the emir and his family were not so cosy with violent criminals(Osama AQ Khan Dawood Ibrahim etc.) maybe Dubai would not spell DANGER
according to the articles, they have pulled out of buying the 6 ports (someone reported it as 21 once); they're selling it to other companies or somesuch.
It's probably for the best, when there is a House of Representatives committee vote 62-2 against the deal happening, among protesting etc it certainly wouldn't have been a positive relationship, if bush was their literally only ally in the whole deal, the rest of the US would've quite possibly been "up in arms" about the whole thing.
My guess is the John Warner is a good guy in this, helping broker a solution that helps DPW get the most out of a sad situation.
The same cannot be said of Hillary Clinton, Junior Senator from NY.
Reiterating my stand, the UAE government has no links with terrorism**.
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