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To: raybbr
Nothing will have changed except for the fact the new company is partly owned by the state of UAE which means it becomes a political tool for them.

Did P&O use ports for political purposes?

151 posted on 02/22/2006 5:55:33 AM PST by sinkspur
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To: sinkspur
Did P&O use ports for political purposes?

P&O is not owned by the state of Great Britain. DPW is partly owned by the state of Dubai and is a front:

"I work as a corporate lawyer at a large law firm that has a speciality in Islamic finance. The real reason Dubai Ports World is undergoing the transaction is because of an Islamic finance vehicle called the sukuk. The sukuk is essentially a commerical paper type of Islamic financle vehicle--it is essentially a "fake" bond to work around the Muslim prohibition on interest."

From this thread.

175 posted on 02/22/2006 6:12:18 AM PST by raybbr (ANWR is a barren, frozen wasteland - like the mind of a democrat!)
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