Dubai company gives up on US port deal

Republican leaders had warned Bush that Congress would block the takeover.

March 9, 2006 21:56
ashdod port 88

ashdod port 88. (photo credit: )


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


A Dubai-owned company said Thursday it is giving up its entire stake in US ports, a move made as congressional leaders warned President George W. Bush that both the House of Representatives and Senate appeared ready to block the takeover. Lawmakers who have been trying to block the deal involving DP World said they were studying the company's announcement to see if it adequately addressed their concerns about an Arab government taking over major operations at six US ports. The deal has become an election-year burden for Republicans and a major political headache for Bush. Underscoring how much the issue has veered out of the Bush administration's control, the Senate rejected an effort by its own Republican leaders to thwart Democrats who want a vote on derailing the DP World deal. The Senate voted 51-47 to consider the Democratic legislation, falling 16 short of the 67 votes Republcian leaders needed to prevail.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

July 22, 2019
Tarnow Jewish Cemetery wall vandalized with antisemitic graffiti


Cookie Settings