The United Arab Emirates issued a press release today regarding the takeover of seaports in the United States by Dubai Ports World.
"DP World has decided to transfer fully the U.S. operation of P&O Operations North America to a United States entity,” DP World announced in a statement that Sen. John Warner, a Republican from VA, read on the floor of the Senate today. The announcement did not specify which American company would be involved.
Sen. Charles Schumer, Democrat from NY, has been in the vanguard of the protest of this takeover by a foreign government. While pleased with the news, Schumer nonetheless says he will closely review the release bearing in mind that the "devil is in the details."
Verify then trust!
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