Dubai is threatening retaliation against American strategic and commercial interests if Washington blocks its $6.8 billion takeover of operations at several U.S. ports.
As the House Appropriations Committee yesterday marked up legislation to kill Dubai Ports Worldâ€™s acquisition of Britainâ€™s Peninsular and Oriental Steam Navigation (P&O), the emirate let it be known that it is preparing to hit back hard if necessary.
A source close to the deal said members of Dubaiâ€™s royal family are furious at the hostility both Republicans and Democrats on Capitol Hill have shown toward the deal.
â€œTheyâ€™re saying, â€˜All weâ€™ve done for you guys, all our purchases, weâ€™ll stop it, weâ€™ll just yank it,â€™â€ the source said.
Retaliation from the emirate could come against lucrative deals with aircraft maker Boeing and by curtailing the docking of hundreds of American ships, including U.S. Navy ships, each year at its port in the United Arab Emirates (UAE), the source added.
It is not clear how much of Dubaiâ€™s behind-the-scenes anger would be followed up by action, but Boeing has been made aware of the threat and is already reportedly lobbying to save the ports deal.
Well this is interesting, Shrub is between a rock and a hard place now...
Continues here - More woes for Bush