This article documents a current event. Information may change rapidly as the event progresses.

Dubai Ports World

Type	Private
Founded	1999
Location	Dubai
Key people	Mohammed Sharat (CEO) Ted Bikey (COO) V Sharma (Finance) M Moore (Commerical)
Industry	Transport
Products	Ferries, port services, logistics services:
Revenue	$- USD
Operating Income	{{{operating_income}}}
Net Income	{{{net_income}}}
Employees	-
Parent	{{{parent}}}
Subsidiaries	{{{subsid}}}
Website	www.dpiterminals.com/
{{{footnotes}}}

Dubai Ports World (or DP World for short) is a company owned by the government of Dubai in the United Arab Emirates. Wikipedia does not have an article with this exact name. ... To suggest a relevant news story for the main page, refer to the criteria then add your suggestion at the candidates page. ... Image File history File links Dp_logo. ... A private company is a company that is independently owned. ... The Burj al-Arab hotel has become an architectural icon of Dubai. ... Revenue is a US business term for the amount of money that a company can receive from its activities, mostly from sales of products and/or services to customers. ... Green up arrow for a positive change in revenue from last fiscal year. ... The United States dollar is the official currency of the United States. ... EBIT stands for Earnings before Interest and Taxes (operating income). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... A holding company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. ... In business, a subsidiary is a company controlled by another company or corporation. ... The front page of the English Wikipedia Website. ... The Burj al-Arab hotel has become an architectural icon of Dubai. ...

In 2006, it agreed to purchase the Peninsular and Oriental Steam Navigation Company (P&O) of the United Kingdom, which was then the fourth largest ports operator in the world, for £3.9 billion ($7 billion), beating a bid from Singapore's PSA International of £3.5 . Peninsular & Oriental was one of the most famous names in British business, having been the largest shipping operator in the world at one time. DP World has promised to keep P&O's headquarters in London. 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... The Peninsular and Oriental Steam Navigation Company, which is usually known as P&O, is a British shipping and logistics company which dates from the early 19th century. ... Logo PSA International Pte Ltd is the worlds second largest port operator in terms of container throughput handled, and is headquartered in Singapore, the base of its biggest operations where it has an overwhelming presence in the Port of Singapore. ...

DP Terminals was founded in 1999 and DP World was created by a merger between the Dubai Ports Authority (DPA) and an international business, DPI Terminals. 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ...

Factbox

• (2/22/06) Shareholders at Britain's P&O, who had been managing the ports, voted last week in favor of Dubai Port's multibillion dollar bid, giving the firm control over the management of P&O's global operations, including in the U.S. ports of New York and New Jersey, Baltimore, Philadelphia, New Orleans and Miami.

• The deal made Dubai Ports World the world's third-largest ports group.

• Dubai Ports World purchased the global port assets of U.S. freight rail company CSX Corporation in 2005 for $1.15 billion. U.S. Treasury Secretary John Snow is a former chairman of CSX, but left the company a year before the Dubai deal. CSX had earlier sold an American shipping and port company to a major Danish shipping company durig Snow's tenure.

• One of DP World's top executives, Dave Sanborn, was nominated by President George W. Bush in January to become the administrator of the Maritime Administration in the U.S. Department of Transportation. At least one senator plans to hold up Sanborn's confirmation until more questions about the port deal are answered.

• Dubai Ports has international operations in the Dominican Republic, Venezuela, Germany, Romania, Morocco, Saudi Arabia, Djibouti, India, China, Hong Kong, Malaysia, South Korea and Australia in addition to the UAE.

• While doing business as a private company, Dubai Ports World, like Emirates Airlines, is a 100% State Owned Enterprise. It is controlled by the royal family of United Arab Emirates member, Dubai. [1]

CSX Corporation was formed in 1980 by the merger of Chessie System and Seaboard Coast Line Industries and eventually merged the various railroads owned by those predecessors into a single line that became known as CSX Transportation. ... The United States Department of the Treasury is a Cabinet department, a treasury, of the United States government established by an Act of U.S. Congress in 1789 to manage the revenue of the United States government. ... There have been several people named John Snow: John Snow, the founder of epidemiology and a major contributor to the development of anaesthesia John W. Snow, United States Secretary of the Treasury since 2003 John Snow, English cricketer See also: Jon Snow, British newscaster Jon Snow, a character in George... George Walker Bush (born July 6, 1946) is an American politician and the 43rd and current President of the United States. ... The Maritime Administration (MARAD) was established in 1950 and continues as an part of the United States Department of Transportation. ... The United States Department of Transportation (DOT) is a Cabinet department of the United States government concerned with transport. ... Emirates are Islamic territories ruled by Emirs (q. ... The Burj al-Arab hotel has become an architectural icon of Dubai. ...

Port security controversy

Main article: Dubai Ports World controversy

P&O operated major U.S. port facilities in New York, New Jersey, Philadelphia, Baltimore, New Orleans, and Miami. After the deal was secured, the arrangement was reviewed by the Committee on Foreign Investment in the United States headed by the U.S. Treasury Department and including the Departments of State, Commerce, and Homeland Security. It was given the green light, but soon after, both Democratic and Republican members of Congress expressed concern over the potential negative impact the deal would have on port security. They cited the 9/11 Commission report, which stated that two of the 9/11 hijackers were UAE nationals, and reports that the UAE was a major financial base for the al Qaeda terror network. Republican leaders Dennis Hastert and Bill Frist, usually working in close synchronization with the office of the President, came out to publicly question the deal. Frist said in a statement, "If the administration cannot delay the process, I plan on introducing legislation to ensure that the deal is placed on hold until this decision gets a more thorough review." [2] Representative Sue Myrick (R-NC) sent a one-sentence letter to the president that read, "Dear Mr. President: In regards to selling American ports to the United Arab Emirates, not just NO — but HELL NO!" [3] The Dubai Ports World controversy in the United States involves concerns and claims that the proposed transfer of port management operations at twenty-two U.S. seaports would put aspects of port security in the hands of a foreign power. ... Official language(s) None, English de facto Capital Albany Largest city New York City Area  - Total  - Width  - Length  - % water  - Latitude  - Longitude Ranked 27th 141,205 km² 455 km 530 km 13. ... Official language(s) None defined, English de facto Capital Trenton Largest city Newark Area  - Total  - Width  - Length  - % water  - Latitude  - Longitude Ranked 47th 22,608 km² 110 km 240 km 14. ... Philadelphia is a village located in Jefferson County, New York. ... This article is about the city in the US state of Maryland. ... New Orleans is the largest city in the state of Louisiana, United States of America. ... This article is about the city in Florida. ... The Committee on Foreign Investment in the United States (CFIUS) reviews acquisitions of U.S. companies by foreign entities, and is comprised of 11 U.S. agencies, including the Defense, Treasury and Commerce departments, as well as (most recently) the Department of Homeland Security. ... The Democratic Party is one of the two major political parties in the United States. ... The Republican Party, often called the GOP (for Grand Old Party, although one early citation described it as the Gallant Old Party) [1], is one of the two major political parties in the United States. ... Congress in Joint Session. ... The National Commission on Terrorist Attacks Upon the United States, also known as the 9/11 Commission, was set up in late 2002 to prepare a full and complete account of the circumstances surrounding the September 11, 2001 attacks including preparedness for and the immediate response to the attacks. ... The date that commonly refers to the attacks on United States citizens on September 11, 2001 (see the September 11, 2001 Attacks). ... UAE redirects here; for other uses of that term, see UAE (disambiguation) The United Arab Emirates is an oil-rich country situated in the south-east of the Arabian Peninsula in Southwest Asia, comprising seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. ... UAE redirects here; for other uses of that term, see UAE (disambiguation) The United Arab Emirates is an oil-rich country situated in the south-east of the Arabian Peninsula in Southwest Asia, comprising seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. ... Osama bin Laden, founder of al-Qaeda, in the 1990s. ... Dennis Hastert John Dennis Hastert (born January 2, 1942), American politician, has been Speaker of the United States House of Representatives since 1999. ... William Harrison Frist, M.D. (born February 22, 1952 in Nashville, Tennessee) is a Republican U.S. Senator from Tennessee, a cardiac surgeon. ... Sue Myrick Sue Wilkins Myrick is an American politician; a Republican, she has represented North Carolinas 9th Congressional district (map) in the United States House of Representatives since 1995. ...

On February 22, 2006, President George W. Bush threatened to veto any legislation passed by Congress to block the deal, which would be the first time in his presidency he would exercise the privilege. In a statement to reporters, Bush claimed, "It would send a terrible signal to friends and allies not to let this transaction go through." [4] February 22 is the 53rd day of every year in the Gregorian Calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... The word veto comes from Latin and literally means I forbid. ...

The controversy has created a public and unusually high-profile dispute within the Republican Party, and between the Republican-controlled Congress and the Republican-controlled White House. The southern side of the White House The White House is the official residence and principal workplace of the President of the United States of America. ...

The debate has curiously divided the opposing sides into mixed camps, with the New York Times, Lindsey Graham, The New Republic, Sean Hannity, Laura Ingraham, Bill Frist, Hillary Clinton, Robert Menendez, John Gibson, Jon Corzine, the New York Post, and Peter King opposing it, while the Wall Street Journal, the Los Angeles Times, the Washington Post, Rush Limbaugh and Bill O'Reilly supporting it. The New York Times is an internationally known daily newspaper published in New York City and distributed in the United States and many other nations worldwide. ... Lindsey Olin Graham (born July 9, 1955) is an American politician from South Carolina. ... For other uses, see the disambiguation section. ... Sean Hannity on the cover of his book, Deliver Us From Evil Sean Patrick Hannity (born December 30, 1961, in New York City, New York) is an American conservative talk radio host, the co-host of Fox News Channels program Hannity & Colmes. ... Laura Ingraham Laura Ingraham (born June 19, 1964 in Glastonbury, Connecticut) is an American conservative talk radio host and author. ... William Harrison Frist, M.D. (born February 22, 1952 in Nashville, Tennessee) is a Republican U.S. Senator from Tennessee, a cardiac surgeon. ... Hillary Clinton Hillary Diane Rodham Clinton (born October 26, 1947), was First Lady of the United States from 1993 to 2001, as the wife of President Bill Clinton. ... Robert Menendez (born January 1, 1954) is a Democratic politician from New Jersey. ... John Gibson is a common name, shared by: John Gibson (1790-1866) - British sculptor John Gibson - Territorial Secretary of Indiana Territory John Gibson - Host of cable TV shows on MSNBC and FOX News John C. L. Gibson - Linguist and Bible scholar. ... Jon Stevens Corzine (born January 1, 1947) is the Governor of New Jersey. ... The New York Post is one of the oldest newspapers published in the United States. ... Well-known people called Peter King include: Pete King, English jazz-musician (sax) and manager of Ronnie Scotts Jazz Club; b. ... The Wall Street Journal is an influential international daily newspaper published in New York City, New York with an average daily circulation of 1,800,607 (2002). ... The Los Angeles Times (also known as the LA Times) is a daily newspaper published in Los Angeles, California and distributed throughout the western United States. ... ... Rush Limbaugh. ... Two notable people are named Bill OReilly: For the anchor of The OReilly Factor, see: Bill OReilly (commentator) For the Australian cricketer, see: Bill OReilly (cricketer) This is a disambiguation page—a list of articles associated with the same title. ...

On February 23, 2006, DP World volunteered to postpone its takeover of significant operations at the seaports to give the White House more time to convince lawmakers and the public that the deal poses no increased risks from terrorism. February 23 is the 54th day of the year in the Gregorian Calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

External links

• Official site
• BBC story on takeover of P&O
• Bush Administration Sells Port Security To Highest Foreign Bidder (Daily Kos)
• Administration Outsources Operations Of Six U.S. Ports To The United Arab Emirates (Think Progress)
• Republican Congresswoman Sue Myrick's letter to President Bush regarding the DP World ports purchase

Daily Kos (IPA: in an American accent) is an American political weblog aimed at Democrats and liberals/progressives. ...

References

• Reuters: Facts about Dubai Ports World