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The silence on Capitol Hill has been deafening. On April 28, 2006 the White House announced the approval by President George Bush regarding the Committee on Foreign Investments in the United States (CFIUS) of its recommendation that Dubai International Capital LLC (DIC), a subsidiary of Dubai Holding and a Dubai government owned conglomerate, to assume the U.S. operations of Doncasters Group Ltd. Just seven weeks prior, there was political posturing, grandstanding and outrage expressed by both political parties in the U.S. Congress when it was revealed, through the U.S. media, that Dubai Ports World, also of Dubai Holding, would takeover...

By Susan Cornwell WASHINGTON (Reuters) - U.S. lawmakers from both parties warned on Thursday against overreacting to a failed effort by a Dubai company to purchase U.S. port terminals, saying laws that discourage foreign investment in the United States could result. "If Congress makes it too onerous to invest in this country, why would anyone in their right mind do business here?" said Mike Oxley, chairman of the House of Representatives Financial Services Committee. "Labor is cheap in China, resources are cheap in South America, markets are huge in Europe," the Ohio Republican told a subcommittee hearing on overhauling the...

WASHINGTON (Reuters) - President George W. Bush approved Dubai's $1.24 billion takeover of Doncasters, a British engineering company with U.S. plants that supply the Pentagon, the White House said on Friday. The decision, announced by White House spokesman Scott McClellan, followed a congressional uproar over security fears that scuttled another Dubai state-owned company's plan to acquire operations at major U.S. ports. The interagency Committee on Foreign Investments in the United States sent its confidential recommendation on the Dubai takeover of Doncasters to Bush on April 13. "The president this morning accepted the committee's recommendation," McClellan said. "The committee recommended approval...

WASHINGTON, April 27 — President Bush is expected on Friday to announce his approval of a deal under which a Dubai-owned company would take control of nine plants in the United States that manufacture parts for American military vehicles and aircraft, say two administration officials familiar with the terms of the deal. The officials, who were granted anonymity so they could speak freely about something the president had not yet announced, said that the final details had not yet been set and that Mr. Bush might put conditions on the transaction to keep military technology in the United States. But...

The deal between Doncasters Group and Dubai International Capital got the green light today from President Bush. The deal was scrutinized by CFIUS and the Pentagon. Congress (for now) seems okay with the deal. According to the Washington Post http://www.washingtonpost.com/wp-dyn/content/article/2006/04/28/AR2006042800748.html"This investigation was a significant improvement over what happened before," said House Homeland Security Chairman Peter T. King, R-N.Y. "It's been much more thorough, much more detailed." Even Chuckie Schumer is okay with this deal. Per the WaPo... "There are two differences between this deal and the Dubai ports deal," he said in a statement. "First, this went through the process...