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April 29, 2006
Dubai Buy II: Revenge of the UAE
According to the New York Times:
President Bush is expected on Friday to announce his approval of a deal under which a Dubai-owned company would take control of nine plants in the United States that manufacture parts for American military vehicles and aircraft, say two administration officials familiar with the terms of the deal. . . .
The plants in question are owned by Doncasters Group Ltd., a British company that is being purchased for $1.2 billion . . . by Dubai International Capital, which is owned by the United Arab Emirate [sic] government. . . Representative Peter T. King, Republican of New York, the chairman of the House Committee on Homeland Security and one of the foremost critics of the ports deal, said on Thursday that he would not necessarily have a problem this time around, in large part because the White House had given the deal a thorough review.
No comment.
Ok, one: tee-hee-hee-hee-hee-hee-hee.
NOTE: I haven't seen an approval announcement made yet.
Posted by Matthew Hogan at April 29, 2006 09:01 AM
Filed Under: Economic Policy
, Foreign Policy & MENA
, US Foreign Policy
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