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      Qatar Grants Millions in Aid to New Orleans

      Posted by Billbar from New York Times

      The nation of Qatar plans to announce today roughly $60 million in grants to benefit the victims of Hurricane Katrina, including $17.5 million to Xavier University of Louisiana, the only historically black Catholic university in the United States.

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    • Bush Set to Approve Takeover of 9 Military Plants by Dubai

      Posted by Billbar from New York Times

      President Bush is expected on Friday to announce his approval of a deal under which a Dubai-owned company would take control of nine plants in the United States that manufacture parts for American military vehicles and aircraft, say two administration officials familiar with the terms of the deal.

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    • Dubai Port Company to Divest Itself of American Holdings

      Posted by Billbar from Washington Post

      Sen. John Warner (R-Va.) announced on the Senate floor shortly before 2 p.m. that Dubai Ports World would "transfer fully the operations of U.S. ports to a U.S. entity." Warner, who had been trying to broker a compromise on the issue, said DP World would divest itself of U.S. interests "in an orderly fashion" so as not to suffer "economic loss."

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    • House Agrees To Vote On Ports

      Posted by Billbar from Washington Post

      Efforts by the White House to hold off legislation challenging a Dubai-owned company's acquisition of operations at six major U.S. ports collapsed yesterday when House Republican leaders agreed to allow a vote next week that could kill the deal. Appropriations Committee Chairman Jerry Lewis (R-Calif.) will attach legislation to block the deal today to a must-pass emergency spending bill funding the wars in Iraq and Afghanistan.

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