The £3.9bn P&O sale row in the US could discourage Middle Eastern investors putting money into the American economy, the United Arab Emirates has hinted.
The Bahrain Economic Development Board agreed with those who were describing the US reaction as racist. The Americans objected to the sale for National Security reasons.
Six US ports were included. US homeland security secretary Michael Chertoff also warned on the loss of Middle Eastern Investment. The Wall Street Journal said DP World might struggle to sell the five US terminals.
The Times profiles P&O chairman Sir John Parker, who is leaving following its purchase by DP World.
References: Financial Times 13/03/06 page 1, page 8, The Times 13/03/06 page 40, page 50, The Daily Telegraph 13/03/06 page B1, page B5 (Weekend Checklist)
