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.
Snip ...
(Excerpt) Read more at news.ft.com ...
Why did you ask me instead of just google up the UAE stock market? However it is publicly traded under Dubai investments. You can buy shares if you like. You can also buy shares in the Iraq stock market and open a bank account there. You get 9% interest on a dollar account and 6% interest on Iraq dollars.
Thank You!!!
You're either delusional or your definition of "terror" is the same as the UN's, something along the lines of "anything effective a civilized people might do to repel the barbarians at the gates".
No there were no details which were problematic just Knee Jerking to flatout LIES.
This was entirely whipped up by the RATS. There was nothing unusual or objectionable in the deal.
UAE was "financing" terror as much as Florida was "financing" terror.
General Franks blew this stupid claim completely out of the water. But who wants to listen to him when Chuckie Schumer is available?
UAE isn't the only country to restrict foreign ownership of sensitive infrastructure. Most do.
We should, too.
Regardless of whether UAE is a "good ally," we should restrict foreign ownership of defense industries and sensitive infrastructure to US companies, with maybe a waiver for NATO members.
>"Why did you ask me instead of just google up the UAE stock market? However it is publicly traded under Dubai investments. You can buy shares if you like."<
not true, I can't buy shares of Dubai Holdings. (I don't live in the UAE)
and btw, I did Google it:
http://72.14.203.104/search?q=cache:o9BCDVsdPhQJ:www.ameinfo.com/42059.html+Dubai+investments&hl=en&gl=us&ct=clnk&cd=6
-You have to be a citizen in the UAE, to buy shares.
Kinda hypocritical, don't you think? We're supposed to open up our free markets to them, yet they aren't open to us?
Well that sounds nice but there was NO foreign ownership of sensitive infrastructure involved in the Port deal and there is NO defense industry involved in this latest subject of hysteria.
This thread started about a UK company not a US company.
Those who know nothing about how ports/shipping operate are the only ones hyperventilating over the deal. Those who actually bothered to find out some facts understand that National Security was in NO way harmed by allowing access to port facilities by the UAE.
In fact, an expert revealed the other night on Fox that this deal would have IMPROVED security since the UAE firm had volutarily proposed increasing security at its own expense.
Capitalism is a benefit to those societies who engage most in it. Corporatism is a liability. This nation will decline as public ownership (corporatism) supercedes private ownership (capitalism). Corporatism absolves ownership of personal responsibility for wrong-doing undertaken by corporate entities for their benifit.
Yes, it is.
But don't confuse the relentless Bush-boosters with these pesky things known as "facts."
It's not polite.
"Islam in this day and age is not monolithic."
The Qur'an has changed not a lick. Change the Qur'an, and the problem will go away, otherwise its' ingrained violence will continue to fester.
That's exactly it. These folks fit one of three molds:
1) Imperial tyrant 2) Militant-anarchist in Republican garb 3) Anti-American agitators
PDF] UNITED ARAB EMIRATES
File Format: PDF/Adobe Acrobat - View 22 out of 53 stocks on the UAE stock
market are open to foreign investment.
You're mistaken -- and the Fox "expert" is mistaken -- in asserting that stevedore companies have "nothing" to do with security. Only one in twenty cargo containers are inspected. For the rest, we depend on the companies handling those containers.
-You have to be a citizen in the UAE, to buy shares.
Kinda hypocritical, don't you think? We're supposed to open up our free markets to them, yet they aren't open to us?
Foreign investors reap profits from their first UAE fund
United Arab Emirates, Business, 10/14/1997
Foreign investors in the United Arab Emirates (UAE) have started to reap profits from the first investment fund to permit them to own shares in this country, the fund said yesterday. Just four months after launched, the Emirates Equity Fund (EEF) said its investment in the UAE and other Gulf countries had so far yielded earnings of around 13 percent of share value.
"By the end of the year, the fund is expected to achieve a return of around 45 percent," said Shehab Qarquash, director of investment services at the Emirates Bank International, which created EEF in late May. "The fund's investments have reached nearly 300 million dirhams ($81.7 million), which have accumulated net profits of around 25 million dirhams," he told reporters.
Qarqash said around 90 percent of the investments were in stocks and the rest in bank deposits. Nearly 10 percent of the stocks are invested in neighboring Saudi Arabia and Oman he added.
Foreigners seeking investment in the lucrative Gulf markets rushed for subscription in EEF in the second half of May. The large demand led the UAE to increase the percentage of a fund that foreign investors could own from 20 percent to 49 percent.
The EEF represented the first opportunity for the UAE's dominant expatriate community to own shares in the Gulf nation.
Dealers said the move, which will likely be followed by other banks, would ease a steady capital flight from the country. Most foreign transfer out nearly two thirds of their income because of investment opportunities in the Emirates.
"When other funds are set up and UAE authorities allow foreign investors to own shares in banks and companies in the stock market, I think there will be a sharp decline in expatriate remittances abroad," a UAE stock broker said.
Bahrain partially opened its stock exchanges to foreigners while Qatar has said it will follow suit.
Kuwait and Saudi Arabia have set up investment portfolios for expatriates. Qarqash said EEF made good profits because of a surge in share prices over the past few months caused by the strong performance of banks and companies.
According to UAE stockbroker Zuhair Kasmani, banks trading their shares in the local market are projected to boost their net profits by around 25 percent in 1997 over previous year. He said such expectations had led to record increases in the prices of most shares and boosted the index to its highest level ever.
"The sharp growth in the banks' profits is due to development of their services and an upswing in the domestic economy," he added.
The index, set up by the government-controlled national bank Abu Dhabi, hit an all-time high of 3,174.16 yesterday: up by 25 percent in just one month and more than 50 percent since the start of the year. About 40 national banks and companies trade their shares in the UAE, which has the second biggest Arab stock market after Saudi Arabia in terms of capitalization.
>"22 out of 53 stocks on the UAE stock
market are open to foreign investment."<
-that's less then 50%, and sorry, but Dubai Holdings isn't one of them...
that's a step in the right direction, for freedom. When Dubai Holdings stock is publicly available to Americans in the U.S., then Dubai Holdings should be eligible to buy a publicly traded U.S. company.
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