The Dubai Deal You Don't Know About

Dubai Ports World backed out of the deal to run U.S. ports after Congress threatened to nix it, but another Dubai-owned firm shows no signs of cutting its U.S. ties. Inchcape Shipping Services (ISS), a British firm bought in January by a Dubai government investment vehicle, has a $50 million contract with the U.S. Navy and provides maritime services at more than a dozen U.S. ports. ISS also arranges everything from fuel to fresh vegetables for naval vessels at Middle Eastern ports, and is believed to get Navy docking schedules in advance--data that could be invaluable to terrorists. Yet ISS has...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!