Arab Company Agrees to Broader Review Over Security Risks in Ports Deal - KAIT Jonesboro, AR - Region 8 News, weather, sports

Arab Company Agrees to Broader Review Over Security Risks in Ports Deal

February 26, 2006 - Posted at 1:37 p.m. CST

WASHINGTON (AP) _ A United Arab Emirates-based company has

agreed to seek a broader security review of its plan to take over

major operations at six U-S ports.

D-P World also is promising to create a U-S subsidiary that

would operate independently of executives in the United Arab

Emirates until May.

The moves are an effort to avert a damaging showdown between

President Bush and Congress over the fate of D-P World's nearly

seven (b) billion dollar takeover.

During the 45-day investigation, a London-based executive who is

a British citizen will have authority over the company's operations

at ports in New York, New Jersey, Baltimore, New Orleans, Miami and

Philadelphia. An American citizen will serve as chief security

officer.

The company's chief operating officer says he hopes by allowing

this further scrutiny, it will demonstrate the company's commitment

to a ``long-standing relationship with the United States.''

(Copyright 2006 by The Associated Press. All Rights Reserved.)

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