Dubai calculates that some $300 billion has moved from Iran to Dubai

[NVMojo]

I know, it's World Net Daily but this article has some nasty info in it that I haven't seen until now. I don't like the author, he's part of the Swiftboat asses BUT ...I didn't realize until now that DPW is a government OWNED business! He's right, this is not free trade!!!:

The Dubai Ports World acquisition of the London-based Peninsular & Oriental Steam Navigation is being portrayed as the operation of free markets in which the United States should have no objection or interference. Nothing could be farther from the truth.

DPW was formed by a September 2005 merger of Dubai Port Authority and Dubai Port International. DPW is 100 percent owned by the government of the Emirate of Dubai via a Dubai government holding company called the PCFC (Ports, Customs, and Free Zone Corporation). The government holding company is headed by the ruler of Dubai, Shiek Mohammed bin Rashid Al Maktoum, who took over on Jan. 4, 2006, following the death of his father, Sheikh Maktoum.

snip...

By the end of 2006, Dubai calculates that some $300 billion will have been moved from Iran to Dubai by over 400,000 Iranians. Iranians who travel to Dubai for business are estimated to constitute 25 percent of Dubai's population. The Dubai Chamber of Commerce shows that more than 6,500 Iranian-owned companies are now registered in the UAE under Iranian nationality. Some 10,000 Iranian students live and study in Dubai. Some 20 percent of the investments in Dubai shopping centers are now registered under Iranian names. In one week, at the end of June 2005, Iranians bought 31 percent of the luxurious villas of Al Hamra tourism-residential complex, located in Ras Al Khaimah, north of Dubai. The UAE is a popular tourist location for those Iranians lucky enough to have the funds to travel, with many visiting several times a year, spending considerable sums on shopping, hotels and the beach.

With Iran defiantly pursuing a nuclear program believed to be building weapons, and with Dubai having established financial connections with al-Qaida operatives, is President Bush having another "Harriet Miers moment" in allowing Dubai Ports World to gain operations control over American ports in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia?

more...

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=48907

[Nothing Without Hope]

1. Very interesting - I'm wondering if this info has been published anywhere

else.