Lie # 4536: Dubai Ports Still Dubai Ports

L

lorad474@cs.com

Guest
Big tempest, big publicity, big promises, big lies.

Those ports purchased by the Dubaiis are still in their ownership.
So much for keeping the sheeple calmed down..Fooled you, huh?


"Friday, February 24, 2006; Posted: 1:46 a.m. EST (06:46 GMT)
President Bush said Thursday the deal with DP World would not
compromise U.S. security.
WASHINGTON (CNN) -- Dubai Ports World has agreed to postpone its
plans to take over management of six U.S. ports after the proposal
ignited harsh bipartisan criticism on Capitol Hill. "
http://www.cnn.com/2006/POLITICS/02/23/port.security/index.html

"Dubai firm to 'transfer' US ports
The six major ports involved include New York
Dubai Ports World (DPW) is to transfer its US ports business to a "US
entity" to end a row over its takeover of P&O.
While DPW has not explicitly said it will sell the subsidiaries
responsible for the ports, the White House is suggesting this will be
the end result. "
http://news.bbc.co.uk/2/hi/business/4791512.stm

"Bush Says He Will Veto Any Bill to Stop UAE Port Deal
Wednesday, February 22, 2006
WASHINGTON - In a rare threat to use his veto power, President Bush
said Tuesday he will stop any legislation that attempts to prevent the
purchase by a United Arab Emirates-owned firm of the Peninsular and
Oriental Steam Navigation Co., which runs six major U.S. ports.

Breaking a gaping silence from the administration in the debate about
the purchase by Dubai Ports World of London-based P&O, Bush said the
deal should go forward and won't jeopardize U.S. security.

"There's a mandated process we go through. ... They ought to listen to
what I have to say to this. I'll deal with it with a veto," Bush told
reporters after an unusual decision to call media aboard Air Force One
to the airplane's conference room.

Back at the White House from a trip to Colorado, the president added
that denying DP World the sale would send a mixed message.

"I think it sends a terrible signal to friends around the world that
it's OK for a company from one country to manage the port, but not a
country that plays by the rules and has got a good track record from
another part of the world can't manage the port," Bush said."
http://www.foxnews.com/story/0,2933,185479,00.html

"(MENAFN - The Peninsula) Dubai World, the investment holding firm of
the Dubai government, said its real estate arm is looking to expand in
the United States and Asia and is set to make an acquisition soon.
[..]
Asked what the timeframe was for Nakheel's next acquisition, Sulayem
said he hopes "that it can come within the next few months," adding
these would be in Asia and the US.

Dubai World holds a multi-billion dollar portfolio that includes
British ports operator P&O and has been taking on considerable debt to
fund its acquisitions for its various businesses.
[...]
Sulayem said Dubai World has no plans to list its ports operator,
dismissing earlier news reports that it was seeking a public float.

"I don't believe listing is an option now. Not at the current time,
no," he said. "

July 14, 2007"
http://www.menafn.com/qn_news_story_s.asp?StoryId=1093159464
 
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