Dubai company quits ports fight

[SaraDinar]

Dubai company quits ports fight
Move announced as Congress warns Bush it will block deal
Posted: March 9, 2006

With Congress moving to overrule the White House, Dubai Ports World announced it will give up its management stake in a deal to operate six U.S. port terminals and transfer it to an American company.

"Because of the strong relationship between the United Arab Emirates and the United States and to preserve that relationship, DP World has decided to transfer fully the U.S. operation of P&O Operations North America to a United States entity," said DP World's chief operating officer, Edward H. Bilkey.

The statement was read on the Senate floor today by Sen. John Warner, R-Va.

Warner said Prime Minister Sheikh Mohammed Al Maktoum of the United Arab Emirates, "advised the company ... that this action is the appropriate course to take."

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=49189

[Lux]

Win for Bush - keeps UAE as an ally when it's time to deal with Iran. He's not running for election so this will have absolutely no effect on him domestically.

Win for Republicans - they were the "swing" vote during an election year

Loss for Dems - they were licking their chops for an election run, but now they are left with nothing


:happy64:

[inquisitive]

IIF readers knew the news before it was news. re: our interest and positions in the Dinar, these results are developing as a positive. Massive energies of a super Quake magnitude between the American citizens, govt., and the ultimate American dream and obligation to provide a better and brighter life for children and grandchildren are better served by a thoughtful agreement amongst all nations for the good of all people..Love, Ms Congeniality dba inquisitive:wave::lmao: