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  • CONGRESSIONAL RECOIL FROM LATEST DUBAI TAKEOVER

    05/04/2006 8:06:30 AM PDT · by FerdieMurphy · 59 replies · 1,140+ views
    Sierra Times ^ | 5/4/2006 | Diane Grassi
    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...