Dubai's Economic System
Looney, Robert E.
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It seemed a routine business deal, though surely a large one by any standard: P&O Group of Britain (including P&O’s assets in the United States) was being acquired by Dubai Ports World, the fast-growing Dubai port operator, for $6.8 billion. Overnight, the transaction became Topic A in the U.S. Congress and Fox News. Dubai, the Persian Gulf destination probably best known in America as Michael Jackson’s next stop after Neverland, was front-page news.
The Milken Institute Review, Fourth Quarter 2006.