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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (278996)3/9/2006 5:25:58 PM
From: tejek  Read Replies (2) of 1572211
 
Dubai Poised to Retaliate over Ports Scrap

WASHINGTON, March 9 (UPI) -- The leaders of Dubai are poised to inflict costly retaliation if the United States quashes a seaport management acquisition, The Hill reported Thursday.

There is widespread opposition in the U.S. Congress to the $6.8 billion deal involving a management transfer from London-based P&O to Dubai Ports World despite President George Bush`s insistence it poses no threat to national security.

A source close to the deal told the Capitol Hill newspaper members of Dubai`s royal family are furious at the hostility in Washington, and retaliation from the emirate could come against deals with aircraft maker Boeing and by curtailing the docking of hundreds of U.S. commercial and Navy ships each year at its port in the United Arab Emirates.

The family-ruled sheikdom could buy as many as 50 wide-body aircraft from Boeing and Airbus during the next four years, the report said.

news.monstersandcritics.com
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