United Arab Emirates firm to operate six major U.S. ports
Monday, February 13, 2006

WASHINGTON – The Bush administration has approved a deal in which a United Arab Emirates company would operate six major ports in the United States.

A U.S. government panel has determined that the UAE firm, DP World, would not endanger national security.

DP World, based in Dubai, has offered $6.8 billion for the purchase of a British firm that operates the ports of Baltimore, Miami, New York, New Jersey, New Orleans and Philadelphia, Middle East Newsline reported.

DP World intends to acquire the London-based Peninsular and Oriental Steam Navigation [P&O] Co. The sale was expected to be approved on Monday.

“The P&O directors have withdrawn their recommendation of the offer by PSA, which was announced on Jan. 26, 2006, and unanimously recommend that P&O Stockholders vote in favor of the revised proposals at the meetings, which are now scheduled to take place on Feb. 13,” DP World said in a statement.

Read more.

Post comment

Forbidden Bookshelf

Forbidden Bookshelf

“While We Were Sleeping”

While We Were Sleeping is an urgent call to save Greenwich Village from New York University's uncontrolled expansion.

Click here to donate to NYUFASP and receive a copy of "While We Were Sleeping: NYU and the Destruction of New York" (minimum donation to receive a book is $10 plus $8 shipping).

Orwell Rolls In His Grave, featuring MCM – Buy the DVD

About News From Underground

News From Underground is a daily e-news service run by Mark Crispin Miller, a Professor of Culture and Communication at NYU. It is based on his belief that academics, like reporters, have a civic obligation to help keep the people well-informed, so that American democracy might finally work.

If you'd like to receive updates delivered to your inbox daily, sign up for News From Underground Alerts:

Help News From Underground!

Message from Mark: "I am a one-man operation, although assisted greatly by some volunteers, and, now and then, by people paid by others for one-time projects. There is no shortage of skilled, dedicated folks out there who want to help me. There is, however, nothing I can pay them with, unless you decide you can contribute something."

Please donate via the PayPal button above or via PayPal by email to: markcrispinmiller@gmail.com

Recent Posts

Recent Comments

Popular Posts


Need a bigger font size?

Sponsored Links

  • Your link could be here too, contact us for pricing details.