U.S. not blocking Arab firm’s bid to oversee ports
Ties to 9/11 hijackers: A United Arab Emirates company will control commercial operations in six American cities
By Ted Bridis
The Associated Press
{Excerpted}
Photo: cbsnews.com
WASHINGTON – A company in the United Arab Emirates is poised to take over significant operations at six American ports as part of a corporate sale, leaving a country with ties to the Sept. 11, 2001, hijackers with influence over a maritime industry considered vulnerable to terrorism.
The Bush administration considers the UAE an important ally in the fight against terrorism since the suicide hijackings and is not objecting to Dubai Ports World’s purchase of London-based Peninsular and Oriental Steam Navigation Co.
The $6.8 billion sale is expected to be approved Monday. The British company is the fourth-largest ports company in the world and its sale would affect commercial U.S. port operations in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.
DP World said it won approval from a secretive U.S. government panel that considers security risks of foreign companies buying or investing in American industry.
The U.S. Committee on Foreign Investment in the United States ”thoroughly reviewed the potential transaction and concluded they had no objection,” the company said in a statement to The Associated Press. (more…)
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Flashes of the show 24 are now coming to mind for some reason…
Now I understand why the US media did not want to show those cartoons.
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