Dubai is increasingly the hub for companies investing across Africa, and home to domestic powerhouses like Dubai Ports World, which is operating ports from Djibouti to Senegal, and Emirates Airlines, the only airline capable of flying non-stop from Dubai to every major city in the world.
In a debate reminiscent of concerns raised over Dubai Ports World taking control of key US ports, some airlines and unions say that giving foreigners more of a say in the running of US airlines could be a threat to national security.
The House Appropriations Committee has attached an amendment to a Pentagon spending bill that would stop Dubai Ports World from operating the terminals at six American ports.
Remember the howls from protectionist corners last year when Dubai Ports World nearly took over operations at U.S. ports?
Way before the current furor over Dubai Ports World, commentator Terrance Smith visited Dubai.
The recent Dubai Ports World fiasco only looked like a security issue.
The company, Dubai Ports World, would do so by purchasing a British concern, Peninsula and Oriental Steam Navigation Company ("P and O").
In 2005, he was the only American news anchor to cover the Dubai Ports World story on the ground in the United Arab Emirates.
Politics being the art of the possible, it is time to recognize that the Dubai Ports World deal is neither strategically sensible nor politically doable.
Dubai Ports World is selling its interest in six U.S. port terminal operations it acquired in a deal for a U.K.-based terminal operator earlier this year.
Shares in Peninsular and Oriental Steam Navigation swelled by more than 38% in London trading when rumors circulated of an offer by state-owned Dubai Ports World .
Given such considerations, the question occurs: How could even a stacked deck like the Committee on Foreign Investment in the United States find it possible to approve the Dubai Ports World's transaction?
After the Dubai Ports World fiasco lawmakers have harbor protection on the brain. (When the United Arab Emirates-owned company took over six U.S. ports, it touched off a political firestorm and was forced to put them up for sale.) Congress is turning its attention to the screening of seaborne cargo.
Now, however, four-and-a-half years later, a secretive government committee has decided to turn over the management of six of the Nation's most important ports - in New York, New Jersey, Philadelphia, Miami, Baltimore and New Orleans - to Dubai Ports World following the UAE company's purchase of London-based Peninsular and Oriental Steam Navigation Co.
The modern and sophisticated industry that containers spawned, with its huge global operators, has shocked and alarmed those ignorant of the new world of the docks--a Dubai company wants to run some American ports!
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