Bill Clinton advises Dubai as Hillary attacks its US ports deal
Mar 02 10:11 AM US/Eastern
Former president Bill Clinton has privately advised Dubai officials how to address US political concerns over a controversial ports deal, as his wife, Senator Hillary Clinton, publicly attacks the deal.
Dubai Ports World bid to takeover Britain's P and O, which runs terminal operations at six major US ports, has triggered a political firestorm in the United States.
Senator Clinton has voiced vigorous opposition to the 5.7-billion-euro (6.8-billion-dollar) takeover, saying it threatens US national security.
She is attempting to push legislation through Congress that seeks to block the deal, partly on the grounds that DP World is foreign-government owned.
Meanwhile, the Financial Times reported Thursday her husband -- who it said was paid 300,000 dollars in 2002 to address a summit in Dubai -- has advised Dubai officials how to soothe US concerns over the deal.
"Mr. Clinton, who this week called the United Arab Emirates a 'good ally to America,' advised Dubai's leaders to propose a 45-day delay to allow for an intensive investigation of the acquisition," the FT said, citing a spokesman for the ex president.
DP World has agreed with the White House to undertake a more lengthy review process of the deal, despite already received government approval for it to proceed.
The takeover would see DP World run ports at Baltimore, Miami, New Jersey, New Orleans, New York and Philadelphia.
A court in London was due to give a ruling on Wednesday on the legality of DP World's takeover of the Peninsular and Oriental Steam Navigation Co.
Mar 02 10:11 AM US/Eastern
Former president Bill Clinton has privately advised Dubai officials how to address US political concerns over a controversial ports deal, as his wife, Senator Hillary Clinton, publicly attacks the deal.
Dubai Ports World bid to takeover Britain's P and O, which runs terminal operations at six major US ports, has triggered a political firestorm in the United States.
Senator Clinton has voiced vigorous opposition to the 5.7-billion-euro (6.8-billion-dollar) takeover, saying it threatens US national security.
She is attempting to push legislation through Congress that seeks to block the deal, partly on the grounds that DP World is foreign-government owned.
Meanwhile, the Financial Times reported Thursday her husband -- who it said was paid 300,000 dollars in 2002 to address a summit in Dubai -- has advised Dubai officials how to soothe US concerns over the deal.
"Mr. Clinton, who this week called the United Arab Emirates a 'good ally to America,' advised Dubai's leaders to propose a 45-day delay to allow for an intensive investigation of the acquisition," the FT said, citing a spokesman for the ex president.
DP World has agreed with the White House to undertake a more lengthy review process of the deal, despite already received government approval for it to proceed.
The takeover would see DP World run ports at Baltimore, Miami, New Jersey, New Orleans, New York and Philadelphia.
A court in London was due to give a ruling on Wednesday on the legality of DP World's takeover of the Peninsular and Oriental Steam Navigation Co.
uch: :nonono:
) that are fine with a British company doing this, but not with an Arab company. How the hell is that Bush's fault? 