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March 09, 2006

Bye, Bye Dubai Buy: DPW Bows Out of US Leases

Dubai Ports World (DPW), the United Arab Emirates firm that bought a British ports operating company which owned operating leases in some USA ports, has just agreed to relinquish those interests. This will probably end a political firestorm that {irony}had absolutely nothing to do with anti-Arab or anti-Muslim xenophobia, ignorance, racism, or other factors.{/irony} It is not clear what it could be that DPW is getting in exchange for divesting itself of about 10% of its newly acquired assets, but, if {irony} US Senator Chuck Schumer is right: Could it be . . . Satan?* {/irony}

"This is obviously a promising development, but the devil's in the details," he said. "Those of us who feel strongly about this issue believe that the U.S. part of the British company should have no connection to the United Arab Emirates or DP World."

*Apologies for possibly obscure reference to a catchphrase of an old character on USA "Saturday Night Live".

Posted by Matthew Hogan at March 9, 2006 06:41 PM
Filed Under: US Foreign Policy

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Comments

Could it be . . . Satan?

Haha, I remember the church lady. I was probably 12 at the time.

Otherwise, what a pisser.

Posted by: eerie [TypeKey Profile Page] at March 9, 2006 07:38 PM

Can we give Schumer's seat to the Church Lady? It would probably be an improvement. Oh how I despise that man and everyone like him with every fibre of my being. And he just has absolutely no shame, either.

Posted by: Matt McIntosh [TypeKey Profile Page] at March 9, 2006 08:04 PM

anyone willing to place bets on how fast whatever american company that is tapped to run the ports completely buggers it all up?

Posted by: drdougfir [TypeKey Profile Page] at March 9, 2006 09:44 PM

Bets? Well, I'm hoping at least a few months for the transition because I'd rather not have the car I just ordered a week ago ending up in Sri Lanka.

Posted by: blue92 at March 10, 2006 03:50 PM

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