We have several clones of her here. Though I doubt they look that good in leather. ;)
-Dan
Posted on 03/09/2006 9:02:17 AM PST by prairiebreeze
Dubai is threatening retaliation against American strategic and commercial interests if Washington blocks its $6.8 billion takeover of operations at several U.S. ports.
As the House Appropriations Committee yesterday marked up legislation to kill Dubai Ports World’s acquisition of Britain’s Peninsular and Oriental Steam Navigation (P&O), the emirate let it be known that it is preparing to hit back hard if necessary.
A source close to the deal said members of Dubai’s royal family are furious at the hostility both Republicans and Democrats on Capitol Hill have shown toward the deal.
“They’re saying, ‘All we’ve done for you guys, all our purchases, we’ll stop it, we’ll just yank it,’” the source said.
Retaliation from the emirate could come against lucrative deals with aircraft maker Boeing and by curtailing the docking of hundreds of American ships, including U.S. Navy ships, each year at its port in the United Arab Emirates (UAE), the source added.
It is not clear how much of Dubai’s behind-the-scenes anger would be followed up by action, but Boeing has been made aware of the threat and is already reportedly lobbying to save the ports deal.
The Emirates Group airline will decide later this year whether it will buy Boeing’s new 787 Dreamliner or its competitor, Airbus A350. The airline last fall placed an order worth $9.7 billion for 42 Boeing 777 aircraft, making Dubai Boeing’s largest 777 customer.
Dubai in mid-February also established the Dubai Aerospace Enterprise, a $15 billion investment to create a company that will lease planes, develop airports and make aircraft parts to tap into growing demand for air travel in the Middle East and Asia.
The family-ruled sheikhdom may buy as many as 50 wide-body aircraft from Boeing and Airbus during the next four years, according to Aerospace Enterprise officials.
The UAE military also bought Boeing’s Apache helicopters. Meanwhile, Boeing has been in talks with the emirates to try to sell its AWACS planes.
An industry official with knowledge of Boeing’s contracts with Dubai said that the company has been involved in the emirate and that it would take a lot “to knock” those relationships.
“Nothing about the [ports] controversy diminishes our commitment to the region,” said John Dern, Boeing’s corporate spokesman. He added that at this point the company has no indication that there is or will be an impact on the company.
Any repercussion to Boeing could put House Speaker Dennis Hastert (R-Ill.) in a delicate position. Boeing’s decision to move its headquarters to Chicago has been seen as calculated to facilitate a close relationship with Hastert. He is against the ports deal, and his office did not return calls by press time.
Several businesses have expressed concern that the controversy over the $6.8 billion ports deal could damage trade with the UAE. Dubai is one of the seven emirates. The United States and the UAE are meeting next week for a fourth round of talks to sign a free-trade agreement. The American Business Group of Abu Dhabi, which has no affiliation with the U.S. government, said that Arabs may hesitate to invest into the United States, according to a report by Reuters.
A Republican trade lobbyist said that because the ports deal is a national-security issue blocking it would not be in violation of World Trade Agreement rules.
“In terms of them retaliating legally against the U.S. … I don’t think there are many options there,” the lobbyist said.
But when it comes to the emirates’ cooperation in the war on terrorism and in intelligence gathering, there is concern that some help may be pulled.
“If we reject the company in terms of doing the [ports] work, they are going to lose a lot of face. In the Arab culture, losing face is a big deal,” a former government official said. “We risk losing that help. It is not an empty threat.”
Dubai is a critical logistics hub for the U.S. Navy and a popular relaxation destination for troops fighting in the Middle East. On many occasions since the ports story erupted, the Pentagon has stressed the importance of the U.S-UAE relationship.
Last year, the U.S. Navy docked 590 supply vessels in Dubai, plus 56 warships, Gordon England, deputy secretary of defense, said in a Senate hearing last month. About 77,000 military personnel went on leave in the UAE last year, he added.
During the hearing, he warned about the implications of a negative decision on the ports deal: “So obviously it would have some effect on us, and I’d not care to quantify that, because I don’t have the facts to quantify it. It would certainly have an effect on us.”
Although owned by the Dubai government, the company at the heart of this controversy, Dubai Ports World, is trying to distance itself from any kinds of threats, said a lobbyist closely tracking the deal.
Another lobbyist monitoring the controversy said K Street still believes there will be a compromise that allows the Dubai deal to go through while meeting congressional security concerns, even though a bill aimed at that result, put forward by House Homeland Security Committee Chairman Peter King (R-N.Y.), was widely repudiated amongst lawmakers Tuesday.
Senate leaders have indicated that they would wait to take action until the new 45-day Committee on Foreign Investment in the United States (CFIUS) review is completed.
Meanwhile, in London, DP World cleared the last hurdle for its take over of P&O. The Court of Appeal in London refused Miami-based Eller & Co., which opposed the deal, permission to appeal against clearances for the legal and financial measures necessary to implement the takeover.
P&O said it expects to file the requisite court orders, making the takeover terms binding on DP World, according to the Financial Times.
Elana Schor contributed to this report.
-Dan
That's pretty funny.
Well, in that case, you can keep it.
That is friggin' hilarious!
Where'd you get that picture of Borax Queen?
The question was straightforward. Why can't you just answer it?
You're a little behind, aren;t you? GOOD to see how you select your allegiances.
http://www.freerepublic.com/focus/f-news/1593184/posts?page=1543#1543
Yes, they have different governments. BTW, if you look up the stockholders of DPW, you'll find an international mix.
Congress still changed the rules, even though they agreed to the 45-day review. They are the ones who created the original vetting process, too, allowing other ME countries to make similar deals in the past. This hot potato was microwaved to death.
It takes more than a leader to lead. Churchill was pushed aside by his people before and after the war. Only when the war was upon them did the British welcome his leadership. The Soviets were standing astride decades of unthwarted advances, and seriously threatening our annihilation, when finally Americans were sufficiently unified to back Reagan.
No where near enough Americans yet understand the current threat.
They will, but man's seemingly inexhaustible capacity to commit violence against other humans will first be put on grave display, yet one more time.
Not on the threads I see here on FR.
You've missed my numerous posts then.
Major prison stretches for people who employ illegals! If the jobs disappear the illegals will quickly deport themselves at their own expense.
"The Zim official "has to represent his shareholders," Schumer told CNN on Thursday. "We have to represent security in America. And so, it really doesn't matter to me what Zim says."
I happen to agree with Schumer on this.
Did you misread what I said?
lol
This isn't The Crusades, for goodness sake.
Are you referring to the U.S. or the UAE?
DP World has much more to offer our ports systems than just the status quo ownership of operations. They also offer the leading edge technologies that would modernize our port systems. I am sending you some links about what is going on in Pusan, Korea--thanks to DP World. If they take over operations in our ports, we would benifit in incalculatable ways. Here are the links, and I ask all fellow Freepers to read it. I had another link that had more information than the first two, but it is now down (I am giving that one in case it comes back up). Here they are:
http://www.itp.net/business/news/details.php?id=19488&category=
Another good site:
http://www.ameinfo.com/75939.html
The site that had more information, just in case it comes back up is:
http://www.dpiterminals.com/fullnews.asp?NewsID=38
LOL!!!!
It said it was going to catch a bus. And you helped!
:^)
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