According to Reuters:
Some recent deals in the United States include:
February 2006: Shareholders of UK-based P&O, which operates six key ports in the United States, approve the sale of their company to state-owned Dubai Ports World for $6.8 billion. The Bush administration approves the sale after a classified review.
January 2006: Saudi Prince Alwaleed bin Talal and Colony Capital agree to pay $3.9 billion for Canada's Fairmont Hotels & Resorts Inc., trumping an offer by billionaire investor Carl Icahn.
January 2006: United Arab Emirates-based media investment company Istithmar acquires 109 million shares, or 2.39% of Time Warner Inc. for $2 billion.
November 2005: Istithmar says it has bought New York property 230 Park Avenue for $705 million.
August 2005: Dubai's Dubal, owner and operator of the largest aluminum smelter in the Western world, says it will take a 25% stake in Canada's Global Alumina Corp.
January 2005: The government of Dubai buys a $1 billion stake in DaimlerChrysler AG, becoming the auto maker's third-largest shareholder. The purchase was made through the government's Dubai Holding company.
December 2004: State-owned Dubai Ports pays $1.15 billion for the global port assets of US-based CSX Corp., outbidding the world's two biggest container port operators.
This is very interesting to the reach of UAE.
"This is very interesting to the reach of UAE."
Oil = money. Money = power. Power = domination.
I was reading about the UAE too, and I discovered they purchased another U.S. maritime interest for 1.15 billion in 2004. President, Senators, Kings and Sheiks all appear powerful, but they all bow to money.
posted on 02/21/2006 8:10:05 PM PST
("The frenzy of the mohammedans has devastated the Churches of God" Pope Urban II ~ 1097A.D.)
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