Possible Fallout from the Dubai Port -Terminal Kerfuffle
UAE bank chief rebukes US over ports row
DUBAI (AFP) - The governor of the UAE central bank has sharply criticised US Congress opposition to the acquisition of six US ports by Dubai Ports World (DPW) and called for a reassessment of US trade links.
"The American side that opposed the deal mixed economic and investment matters with issues of security and politics and this is the wrong approach and it will hurt free trade and international investment," Sultan bin Nasser al-Suwaidi said in remarks published Monday in several UAE-based Arabic papers. Read on.
Meanwhile, back in Washington, U.S. concerned about strategic ties with UAE.
Officials said the Bush administration has detected increasing UAE dismay over the rejection by Congress of a proposed takeover by a state-owned company of six major U.S. ports. They said the UAE has postponed free trade negotiations with the United States scheduled for this week.
DUBAI (AFP) - The governor of the UAE central bank has sharply criticised US Congress opposition to the acquisition of six US ports by Dubai Ports World (DPW) and called for a reassessment of US trade links.
"The American side that opposed the deal mixed economic and investment matters with issues of security and politics and this is the wrong approach and it will hurt free trade and international investment," Sultan bin Nasser al-Suwaidi said in remarks published Monday in several UAE-based Arabic papers. Read on.
Meanwhile, back in Washington, U.S. concerned about strategic ties with UAE.
Officials said the Bush administration has detected increasing UAE dismay over the rejection by Congress of a proposed takeover by a state-owned company of six major U.S. ports. They said the UAE has postponed free trade negotiations with the United States scheduled for this week.
posted by HeavyHanded at
5:25 PM
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