Details emerged yesterday that for a short time after the Bush administration had okayed the Dubai ports purchase of five US ports owned by P&O, the US coast guards had doubts. Well, not so much doubts, as questions. It simply did not have enough information to make a judgement on whether there were security implications arising from the takeover. The good news: those questions were eventually answered, and satisfactorily so. But for Congressmen trying to block the takeover, this piece of news was like a red flag to a bull. And we suspect there’s a lot of political capital to be made out of this revelation.
© Investment & Business News 2013