With Congress moving to overrule the White House, Dubai Ports World announced it will give up its management stake in a deal to operate some of the terminals at U.S. ports and transfer it to an American company.
"Because of the strong relationship between the United Arab Emirates and the United States and to preserve that relationship, DP World has decided to transfer fully the U.S. operation of P&O Operations North America to a United States entity," said DP World's chief operating officer, Edward H. Bilkey.
It's a win win for Bush...
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