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2006-02-23T18:03:01-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZGNiXC8xOTEzNDAtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The Senate Armed Services Committee held a briefing on the Dubai Ports World acquisition of the Peninsular and Oriental Steamship Navigation Company. The proposed acquisition would affect assets in several major U.S. seaport terminals. After Senator Warner’s explanation of the unusual format officials, sitting on the committee dais, talked about the national security implications of the acquisition by a government-owned and controlled firm of the United Arab Emirates. They also talked about the role of the Committee on Foreign Investment in the United States (CFIUS) in approving the transaction, the process by which the sale was approved, and potential impact on domestic and port security. Officials answered questions from senators present and members of the media in the audience.
The Senate Armed Services Committee held a briefing on the Dubai Ports World acquisition of the Peninsular and Oriental Steamship Navigation… read more
The Senate Armed Services Committee held a briefing on the Dubai Ports World acquisition of the Peninsular and Oriental Steamship Navigation Company. The proposed acquisition would affect assets in several major U.S. seaport terminals. After Senator Warner’s explanation of the unusual format officials, sitting on the committee dais, talked about the national security implications of the acquisition by a government-owned and controlled firm of the United Arab Emirates. They also talked about the role of the Committee on Foreign Investment in the United States (CFIUS) in approving the transaction, the process by which the sale was approved, and potential impact on domestic and port security. Officials answered questions from senators present and members of the media in the audience. close
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