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Should Dubai Ports World Deal Be Economy Or Security Concerned?
Dubai ports world an Arab company, showed a great deal of interest on November 29, 2005 to acquire The Peninsular and Oriental Steam Navigation Company ("P&O") a British company for £3.3 billion. P&O is one of the top four international port operators with 29 container terminals and operations in 18 countries across the globe, generating 80 percent of the Group’s total profits. With the acquisition of P&O, Dubai ports world would automatically take over operations at six U.S. ports which includes ports in New York, New Jersey, Baltimore, Philadelphia, Miami, and New Orleans.
Due to 9/11 attack, this deal has been so much criticized with a wave of protectionism in minds that it will be an open passage for terrorists to come into U.S., because two of the 9/11 hijackers happened to be homed in United Arab Emirates (UAE), the country in which the company is based. But critics forced to argue the economic discussion on top of security reasoning. Dubai Ports World has been operating in different countries and playing by the rules. It also has a very good business record in other parts of the world. Dubai also is a key ally in the war on terror. The Chief Operating Officer of Dubai Ports World, Edward Bilkey, born in America and its security chief, sought to disperse the approval process myths and the company\'s security record. Edward Bilkey said that "I firmly believe that the security of our country, the United States, is well-served and in fact enhanced on numerous levels by allowing this transaction to go forward." Dubai government has recently announced the purchase of 32 storey building on 280 Park Avenue in midtown manhattan for $1.2 billion. Park Avenue is one of the world\'s most expensive property locations in world 10th most expensive city, New York. This property was bought by Istithmar from Boston Properties and considered to be third New York property deal announced by Istithmar. The current U.S. account deficit hit was $804.9 billion in 2005, and could top $1 trillion a year in 2006. However, it is imperative for U.S. to attract more foreign investments to keep the dollar from falling. Waseem has many online adventures and Apna Dubai is the one. Apna Dubai has a lot of information contained Dubai Ports World, Dubai Tourism, Sight seeing, Attractions, and Golf Destinations.
Translating Tech-Speak To the Vulnerable MassesPerry, 51, is Internet security firm Trend Micro Inc.'s "virus hunter." The job combines a deep understanding of computer security issues with the ability to clearly communicate those issues to non-techies. "It's my job to educate people about a threat," he said. "And the public doesn't want technical details. They want salient facts." . read more. Palm Atlantis rises up from the sandLocated on the furthermost point of the busiest construction site in Dubai, the logistics of building the Atlantis on the Palm Jumeirah were never going to be easy. Throw in a midday working ban, an international shortage of tower cranes, the problem of accommodating 2,000 site workers, and the fact that your entire development will be built on sand, and you really have all the ingredients of what is known in the industry as a logistical nightmare. But despite the myriad obstacles threatening the smooth progress of the US $1.5 billion (AED5.5 billion) project, it remains on track for a December 2008 opening. Perhaps the key reason for this has been the unusual approach adopted by developer, Kerzner International. And that started with the decision to avoid letting the work to a main contractor in the traditional way. read more. Gridskipper Interview: Secret Dubai DiarySecretdubai of Secret Dubai Diary is a blogger in Dubai who specializes in the intrigue and adventure of the United Arab Emirates, regularly prodding its dark and seedy underbelly. You've been writing Secret Dubai Diary since 2002, which is forever in blog time, let alone Dubai blog time. What got you started? When I first lived overseas, I had an email newsletter that I sent to friends and family, and it turned into a useful record of my travels, which I later put onto a website. This was before blogging had arrived. After I'd been in Dubai for nearly a year, I realised it would be useful to have some sort of record of my time here -- of all the intrigue and adventure in the UAE -- and by then blogging was available, so I thought that would be a useful method. Why a secret (i.e. read more.
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