Your Oil Dollars At Work
The Bush administration is bound and determined to allow the United Arab Emirates (UAE) to invest its wealth of oil riches in crucial American infrastructure.
Dubai International Capital LLC, a wholly owned subsidiary of Dubai Holding, has agreed to the purchase of Doncasters, which is a "leading international engineering group that manufactures precision components and assemblies for the aerospace, industrial gas turbines, specialist automotive, medical orthopaedic and petrochemical markets. The group excels in working with alloys and metals that are difficult to shape and form." Doncasters manufactures engine components for U.S. military aircraft and main battle tanks.
The Huffington Post reported:
Dubai, which agreed this month to sell its interest in U.S. ports, said its $1.2 billion takeover of a U.K. company with U.S. plants that make military equipment is delayed while the authorities investigate security concerns.
Dubai International Capital LLC, which is owned by the government of the Persian Gulf emirate, and Doncasters Group Ltd. agreed to delay the transaction by as many as two months from March 31 while government agencies review the purchase, Sameer Al Ansari, Dubai International's chief executive, said in an interview today.
As I indicated when I commented on the ill-fated port deal, the UAE is actually one of the most anti-Semitic countries on the face of the earth.
Will Jewish employees in the United States be be descriminated against or even terminated? Time will tell, but remember that the UAE doesn't allow Israeli citizens or items manufactured in Israel into its country.
Security issues aside, these are despicable people who should not be allowed to do business with the United States government until they change their anti-Israel policies.
Posted by Rick | April 28, 2006 02:56 PM