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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.
Collection and distribution of aidMany organisations have now fallen in- line with the Government's recommendations with regards to the collection and distribution of aid. "The best thing to do is to channel money and material aid through the UAE Red Crescent Authority (RCA) or the Mohammad Bin Rashid Al Maktoum Charitable and Humanitarian Foundation, as we have the access and the expertise," says the RCA's Fahad Bin Sultan. "We have agreements at the international level that facilitate our work, so we would encourage people to work with us." In accordance with Ministerial Decree No. 5/386 for 1994, the RCA is the primary humanitarian organisation sanctioned to represent the UAE at the international level. The total value of its humanitarian projects to date exceeds Dh1.5 billion. read more. Electrocutionist on course for Saturday's King GeorgeDubai: Electrocutionist is on target for Saturday's £750,000 King George VI And Queen Elizabeth Diamond Stakes at Ascot. Godolphin's Dubai World Cup winner came through his latest piece of work with flying colours and trainer Saeed Bin Surour reported: "He worked nicely and it's a case of so far, so good." Godolphin racing manager Simon Crisford added: "We were pleased with the way Electrocutionist worked and he is on course for the King George." Godolphin have a good record in the race, having won it five times in the past with Lammtarra (1995), Swain ('97-98), Daylami ('99) and Doyen ('04). Italian import Electrocutionist is a 5/2 second favourite to French raider Hurricane Run (5/4). The five-year-old found Ouija Board too strong in the Prince of Wales's Stakes at Royal Ascot last month after being behind in work at the time. read more. Location mattersSpa and leisure facilities at Fujairahs first five-star beach resort, Le Meridien Al Aqah, are preparing for expansion, following three successful years of operation, according to Talar Hagopian, spa manager at the resort. The resort, which first opened in 2003, has set the benchmark for hotel operations in the emirate, and is soon to be joined by Rotana and Japanese hotel group JAL Hotels, which is set to open the Nikko Fujairah in December, as the Fujairah coastline becomes a favourite weekend and day destination for those living in the UAE. As local weekend and day visitor numbers continue to grow year on year, Hagopian is preparing to extend her spa facilities with the opening of more treatment rooms and is now busy promoting the resorts day spa offering. My new challenge is to market our day spa, or what we refer to now as Al Aqah Journeys, to the residents of Dubai and neighbouring emirates. read more.
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