cheney
January 2008 
What's going on in Dubai?
Posted on Oct 3rd, 2007
by 
J.K.
J.K.
This city is on crack. Development there boggles the mind. A year and a half ago the UAE firm, DP World, took over operation of six major U.S. ports after Bush threatened to veto any act of Congress that would stop the sale. Dubai recently purchased a 20% interest in the NASDAQ Stock Market, and Halliburton, Dick Cheney's old firm and the most favored beneficiary of the war in Iraq, has plans to relocate its headquarters there.
Here's something you may not know: "Dubai is famously tax free. No income tax, no property tax. Ultimate luxury. No corporate taxes either, so the entire company will avoid paying U.S. taxes. And perhaps even more important, protection from prosecution by U.S. Courts."
So, where am I going with this? - Oddly enough, I'm thinking about baby boomers. If you ran a US corporation and had taken even a cursory look at the not-yet-enacted tax liability that is probably headed your way, how would you position your business and if needed where would you relocate?
They say that Dubai is being built for tourism--that the residents want something to fall back on if and when when the oil reserves run out. It sounds plausible. I might be conspiratorial. But so far I'm just not believing it.
- There's More / Dubai Skyline
Access: Public
Didn't they just move the Halliburton corporate offices there?
It's so happenin,
The Today show even sent WHERE IN THE WORLD IS MATT LAUER?
Hey, that's a good link. As for your question, I queried Google News for Halliburton Dubai and found a series of articles that describe a physical location already there but an ongoing process of transistion. Here's one describing the decision to relocate Halliburton's top dog.
I can't help wondering if I'm being a bit too conspiratorial and alarmist on this. I'd perfer to limit myself to skepticism–pointing out what doesn't add up, not speculating what does. However, there are a lot of attention flags here. I worry that twenty years from now we'll be talking as much about the loss of American corporations as we do the loss of American jobs today. I tie it together with an aging baby boom population and the desire of corporations to avoid taxation. Rather than tourism, Dubai seems to be setting itself up as the beneficiary of this. - imho
awesome watching out j…thanx for the info…*
One of the other concerns is the Port Deal where Dubai was put in charge of security at US ports. Supposedly they sold it to another corporation but I suspect if you traced the line of the new corp you would find links to Dubai.
Thanks, star. And wrensis, perhaps this will shed some light.
”The Carlyle Group and CSX, two companies with major ties to the Bush family, also have major ties to Dubai Ports World, […] The Carlyle Group is the infamous company that George H.W. Bush served as a senior adviser for, and it was in that capacity H.W. Bush met with Osama bin Laden's brother the morning of 9/11. CSX is one of the largest transportation companies in the United States, connecting over 200 railroads and 70 ports.
How are these companies tied to the UAE and Dubai? The current Secretary of Treasury, John Snow, served as CEO of CSX for twenty years. The same month John Snow was appointed by George Bush, February 2003, the Carlyle Group purchased a part of CSX. The UAE government, who owns Dubai Ports World, has made multiple investments in the Carlyle Group, making it a part owner of Carlyle Group. Dubai Ports also purchased CSX in 2005. That's an interesting circle.”
It's a bit complicated, but I think the bottom line is that something smells rotten in Dubai. - I bet the folks in Denmark appreciate me saying that. ;)
- Source
This was from my blog a few days back
Other interesting news bits
Dubai buys %20 of Nasdaq
WASHINGTON, Sept. 20 - As the Bush administration vowed to vigorously review for national security concerns a proposed investment in the Nasdaq Stock Market by a Dubai-controlled exchange, several senior Democrats and Republicans said Thursday that the transaction did not trouble them and predicted it would be approved.
Carlyle to sell stake to Abu Dhabi
The Carlyle Group, the buyout firm, agreed yesterday to sell a minority stake to the Abu Dhabi government in a deal that reflects the growing financial power of the oil-rich Middle East.
The deal, which values Carlyle at nearly $20 billion, strengthens the buyout firm's ties to the Middle East, which has began to use the profits from higher oil prices to go on a buying spree.
Dubai as you remember is the country that was given control of our ports.
On March 9, 2006, Dubai Ports World released a statement saying they would turn over operation of U.S. ports to a U.S. “Entity”.[11] Later that same day, American Enterprise Institute scholar Norm Ornstein reported on PBS's “News Hour” that DP World was considering selling its U.S. operations to Halliburton.[12]
Dubai Ports World eventually sold P&O's American operations to American International Group's asset management division, Global Investment Group for an undisclosed sum.
Dubai is also the new headquarters for Halliburton
Well, I'm glad to see it go to AIG instead of Halliburton, but I still don't trust 'em. Also, if I'm reading this correctly although AIG is handing operations Dubai is still in control. grrr