The Financial Times reports that Dubai Ports World is going to divest the U.S. port assets it recently purchased from P&O: Dubai cedes control of US ports (Edward Alden, Stephanie Kirchgaessner and Demetri Sevastopulo, March 9).
This morning President Bush met with Republican Congressional leaders, and realized he was going to lose this fight. Administration sources conveyed that to UAE leaders, and they ordered DP World executives to divest.
Not so fast guys...just because an Arab government makes an announcement, it ain't necessarily so...
LittleGreenFootballs linked to this post at the IRIS Blog:
Dubai Port Capitulation Likely Fraudulent
Posted by: John Lee | March 10, 2006 at 04:05 AM