Financial Times FT.com

Fears grow overnew Dubai revolt

By Stephanie Kirchgaessner in Washington and James Boxell in,London

Published: March 22 2006 02:00 | Last updated: March 22 2006 02:00

Dubai and US officials are growing nervous at the prospect of another congressional uprising against a second acquisition of US assets by a Dubai-controlled company in the wake of the Dubai Ports World debacle.

A person familiar with the thinking of both the US and United Arab Emirates said officials were concerned that the pending investigation of Dubai International Capital's £700m ($1.2m, €1m) purchase of Doncasters, a privately held British aerospace manufacturer that works on sensitive US weapons programmes, including the Joint Strike Fighter, could provoke a backlash by lawmakers and further damage the relationship between the two countries.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this