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Buy Dubai Property - The Best Deal

by BuobssoyardTiera@hotmail.com on Oct 19, 2011

The third day you may have your shopping and other activities in the city. Dubai Ports World, an Arab company, showed a great deal of interest on November 29, 2005 to acquire The Peninsular and Oriental Steam Navigation Company ("P&O") a British company for £3.3 billion. P&O is one of the top four international port operators with 29 container terminals and operations in 18 countries across the globe, generating 80 percent of the Group's total profits. With the acquisition of P&O, Dubai ports world would automatically take over operations at six U.S. ports which includes ports in New York, New Jersey, Baltimore, Philadelphia, Miami, and New Orleans.Due to 9/11 attack, this deal has been so much criticized with a wave of protectionism in mind that it will be an open passage for terrorists to come into the U.S., because two of the 9/11 hijackers happened to be homed in United Arab Emirates (UAE), the country in which the company is based. But critics forced to...Read More >>



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