Arab Company May Run East Coast Ports
Charles Johnson
Sun Feb 12, 2006 at 3:06 pm PST • Views: 575
Great. Just great. Arab Biz May Run NYC port. (Hat tip: LGF readers.)
The city’s ports, considered a major target of terrorists, are about to be taken over by a firm based in the United Arab Emirates, a country with financial links to the Sept. 11 hijackers.
Dubai Ports World is set to complete a $6.8 billion deal to purchase Peninsular and Oriental Steam Navigation Co., a London company that already runs commercial port operations in New York, New Jersey, Baltimore, New Orleans and Miami.
If shareholders approve the deal tomorrow, it will give control of various dock operations at some of the country’s busiest points of entry to UAE-headquartered DP World.
The FBI has said most of the money for the 2001 terror attacks was funneled to hijackers through UAE banks, and much of the planning took place in the small but rich nation east of Saudi Arabia.
Frank says: