On March 9, 2006, Dubai Ports World (DPW) announced it would abandon its controversial plan to control US port operations, marking a pivotal moment in the Bush presidency’s foreign investment strategy. The decision came after the House Appropriations Committee voted 62-2 to block the $6.8 …
Dubai Ports WorldHouse Appropriations CommitteeCharles SchumerDennis HastertBill Frist+4 morecorporate-defeatcongressional-oversightforeign-investmentnational-securityport-security+1 more
President George W. Bush threatened to cast his first presidential veto if Congress blocked Dubai Ports World’s (DPW) acquisition of US port operations, sparking a major national security controversy. The $6.8 billion deal would have given a UAE state-owned company control of cargo terminals …
George W. BushCharles SchumerDubai Ports WorldUAERepublican Congress+2 morepresidential-powercorporate-influenceforeign-policyregulatory-capturenational-security
US Coast Guard intelligence officials produced a classified report raising significant security risks associated with DP World’s proposed management of US port operations. The assessment identified critical intelligence gaps preventing proper evaluation of risks from DP World’s …
US Coast GuardDubai Ports WorldUAE9/11 CommissionGeorge W. Bush Administration+1 moreintelligence-assessmentnational-securityterrorism-financingregulatory-gapsport-security
On October 15, 2005, Dubai Ports World (DPW), a UAE state-owned company, initiated a CFIUS review to acquire British firm P&O’s port management operations, which included six major U.S. ports. The 30-day review process involved 12 government agencies, with the Intelligence Community …
Dubai Ports WorldSheikh Mohammed bin Rashid Al MaktoumCFIUSUS Coast GuardP&O+2 moreforeign-investmentnational-securityregulatory-captureintelligence-gapsport-security+1 more