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UNITED STATESDubai-owned firm drops ports plan DP World, a Dubai-owned company, abruptly abandoned its plan to manage operations at six U.S. ports March 9, defusing an election-year showdown between President George W. Bush and the Republican-controlled Congress over an issue that had become a political land mine for Republicans. The company's announcement gave Bush an out. He did not have to back down from his staunch support of the United Arab Emirates-based company or further divide his party on a terrorism-related issue.
The Japan Times Weekly: March 18, 2006 |
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