Posted on 03/21/2006 6:16:56 PM PST by mr_hammer
Arab and US officials are growing nervous at the prospect of a second congressional uprising against the acquisition of American assets by a Middle Eastern-controlled company in the wake of the Dubai Ports World debacle.
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(Excerpt) Read more at news.ft.com ...
America's entire history has been about the freedom to buy and sell around the world. We buy properties and things in every country and should understand that when others PARTICULARLY major allies can do the same it makes our system all the stonger and ties those allies MORE closely to us.
Treating everyone as an enemy is an excellent way of making friends just that.
And exactly how is it in the interests of foreign investors of our debt for that debt to be adversely affected?
You slander millions of moslems who are stepping up and putting their lives on the line fighting alongside our military in Iraq and Afganistan.
Your inability to subordinate to the tactical endangers our entire mission. YOu are a fool if you believe we can declare war on Islam and win the war on terrorists.
Why is it obligatory for us to rubberstamp transfers of certain economic assets to the UAE?
Are we defaulting on some security committment made to the UAE, or other Gulf states?
Are we imposing an economic embargo upon goods shipped through the UAE?
Just how precisely are we "stabbing them in the back?"
Not true, originally the U.S. government made their tax revenue through tariffs.
Also, I am against foreign nations and their citizens from buying property in the U.S. when their laws bar U.S. citizens from buying their property, like in Mexico.
Are we going to apply the same criteria to China? Islamic terrorism is making the news but China, in my opinion, is a much greater long term threat to the U.S. than the UAE will ever be.
When are the Persian Gulf states going to allow us to control their petroleum resources?
To decide how many barrels are going to be released, and at what time they will be released?
When are members of the GCC and OPEC going to allow Americans to have a say in world oil prices?
Who do we complain to when strategic assets are being auctioned off to foreign powers?
What is the phone number or e-mail address of the person who approved of the DP World-P&O transaction?
What is his or her name?
UK's High Court Approves DP World Deal
It emerged last week that despite the ongoing debate on the matter in the United States, DP World's takeover of the UK's P&O has been cleared by the UK's High Court, at least.
Ruling on Thursday, Justice Nicholas Warren dismissed an appeal against the acquisition lodged by Eller & Co, which jointly runs operations with P&O in Miami.
According to The Times, which reported on the matter, Mr Justice Warren argued that P&O and DP World's attempts to address security concerns had been "responsible and proportionate".
Whilst he denied Eller permission to appeal, a 24 hour stay was put on the ruling in order to allow it to be challenged.
Eller is also seeking to block the transaction via the Florida courts, and argued that the decision will "decimate" its operations if security concerns cause port authorities to cancel terminal leases.
Late last month, DP World offered to submit its takeover of P&O to additional scrutiny in the form of a second US review of potential national security concerns.
The firm had announced that it would ring-fence P&O's US operations as part of its takeover of the UK firm, at least until concerns expressed by US lawmakers regarding the deal had been addressed.
During the 45 day second review of its plans, a UK citizen will be placed in charge of its US operations in Baltimore, New Jersey, New Orleans, New York, Miami and Philadelphia.
"We hope that voluntarily agreeing to further scrutiny demonstrates our commitment to our long-standing relationship with the United States," chief operating officer Edward Bilkey told the Associated Press.
The Committee on Foreign Investment in the United States (CFIUS) published a statement welcoming the announcement.
"Upon receipt of the new notification, CFIUS will promptly initiate the review process and fulfill DPW's request for a full investigation," it explained, continuing:
"Over a nearly three-month period starting in October 2005, representatives of the 12 departments and agencies that comprise CFIUS, with assistance from the Intelligence Community, thoroughly investigated the transaction for national security concerns. CFIUS brought the Departments of Transportation and Energy into the review process to widen the scope and expertise of the national security scrutiny. These agencies will again be invited to participate in this new review process."
You fell for the RAT line without a blink.
It's interesting, even if not relevant, because it was Abu Dhabi, another Emirate in the UAE, that aimed to either profit take from a sham worldwide banking interest, or perhaps work a deeper form of infiltration via corruption.
Questioned about the concurrence of these events, Adham has told U.S. investigators that they were unrelated, and thus, BCCI's purchase of First American was not a quid pro quo for Camp David. Instead, Adham has suggested that his involvement in these events, and BCCI's later involvement in financing the Presidential library, charities, and travel of President Jimmy Carter, for whom Camp David was the major achievement of his presidency, were in fact coincidence.Kerry slams Bank on BCCI
Wow, now there's a shocker!
BTW, would that be the same Dept. of Transportation run by Norman Mineta, i.e. the most disastrous cabinet secretary in the history of the United States?
I said nothing about tax revenue nor the government. America is more than the government and foreigners dominated investment in the US probably until after the Civil War.
Americans can buy property in the UAE.
We are stabbing them in the back by treating them as enemies rather than allies. First the RATs whipped up the Ports deal and EVERYTHING claimed against it was a LIE starting with the LIE that the US authorities would not control ALL security.
After putting their asses on the line helping us with ports and bases these bufoons in the HOuse pull the rug out from under them with this nonsensical insult.
What the hell do you call such a way of treating a terrific ally?
I highly doubt that U.S. citizens can buy private property in the UAE.
In Abu Dhabi, Rumsfeld and Franks said they thanked the UAE leaders for their war help, which included sending troops to Kuwait and humanitarian aid to Iraq.
UAE officials did not speak to journalists or issue a statement after the talks.
Franks and Rumsfeld met with Crown Prince Sheik Khalifa bin Zayed Al Nahyan, the son of the UAE president. The UAE's defense minister, Sheik Mohammed bin Rashid Al Maktoum, and chief of staff of the armed forces, Lt. Gen. Sheik Mohammad Zayed Al Nahyan, also participated.
U.S. troops have used bases in the UAE since the 1991 Persian Gulf War, in which the UAE joined the coalition to oust Saddam's invading forces from Kuwait. American aircraft using the al-Dhafra air base near Abu Dhabi have included U-2 and Global Hawk surveillance planes as well as refueling tankers.
The UAE government has not indicated it wants to close off its bases to the United States, a U.S. official said Sunday. The UAE's concerns include a territorial dispute with Iran over three small islands in the Persian Gulf.
When we put a collective gun to their heads through threat of using our nukes against them and tell them to do so.
If there aren't, perhaps the UAE, after the purchase is completed, will simply refuse to sell to the United States, which it is entirely within its rights to do."
Do you advocate any limitation whatsoever on foreign investment of the U.S., or do you believe one day in the future a 51%-49% of foreign ownership is an acceptable theorical scenario?
And as yet another mere "business transaction," should the U.S. hire mercenaries to replace some or all its military as well?
Not unless the proposed buyer has demonstrated a threat to the security of the United States.
The UAE has not.
It is a highly regulated market - all real-estate is, I suppose, worldwide.
Non-UAE nationals can only buy in areas designated specifically for expatriate freehold and leasehold sales.
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