Let's see now. Istithmar is the investment arm of Dubai World. Dubai World is wholly owned by the Government of Dubai. Dubai World also owns Dubai Ports World and now, P&O Maritime Services.
In short, the Government of Dubai owns the works. They love to buy stuff.
You may remember there was something of an issue when Dubai Ports World, owned by Dubai World (on which the sun never sets), which owns Istithmar, the lot of which is wholly owned by the Government of Dubai, United Arab Emirates, purchased P&O Maritime and it looked like Arabs were going to be shipped over to operate six US port terminal facilities, including the P&O terminal in New York.
The Republicans in the US Congress went ape-shit and the deal was blocked. Well, sort of. DPW, subsidiary of DW, owned by the Dubai government, which also owns Istithmar, continued to operate the Port of New Jersey because New Jersey wouldn't let them sell it.
At the time of that information, it became obvious to anybody with a functioning synapse that these people with bad togas and funny headbands were more interested in the shopping aspect of acquisition. Got a port? I don't have one. Could I possibly buy it from you for more than its appraised value?
That sort of thing. Emiratis just really love to buy things.
Well, looky, looky what Blue Gal found!! And from the Toronto Star, no less.
The terrorists are now in a position to control the designer handbag Paris Hilton carries. Is there no end to this?
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