Dubai: Deal in the form of a mushroom cloud (UAE helped move WMD mat'ls)

[Bush_Eats_Beef]

"Dubai cannot be trusted," said Rep. Duncan Hunter (news, bio, voting record), R-Calif., chairman of the House Armed Services Committee and normally one of the administration's most trusted allies. He called the United Arab Emirates "a bazaar for terrorist nations" and asserted that the United States should not permit DP World to take over significant operations at six U.S. ports. "I intend to do everything I can to kill the deal," Hunter said.

Across Capitol Hill, lawmakers criticized the Bush administration anew following disclosures that the United States had launched a fresh investigation Tuesday into a proposed business deal by a second Dubai-owned company. Also sparking the furor was word of a previously unconfirmed investigation into a separate transaction by a leading Israeli software firm. The government initially approved DP World's $6.8 billion purchase of London-based Peninsular and Oriental Steam Navigation Co. But on Sunday, the administration agreed to a 45-day investigation of potential security risks to quell a political backlash. "Too little, too late," Hunter said.

Opening a hearing on the matter, Hunter said it was "quite remarkable" that the administration did not initially undertake a full review of security implications, given that the company is owned by the United Arab Emirates — "a bazaar for terrorist nations to receive prohibited components from sources from the free world and from the non-free world."

Hunter listed instances between 1994 and 2003 in which he said the country helped move materials for weapons of mass destruction, such as heavy water and high-speed electrical switches, to Pakistan, Iran and other countries. He plans to introduce legislation that would require U.S. companies to be the sole owners of infrastructure critical to national security.

http://news.yahoo.com/s/ap/20060303/ap_on_go_co/ports_security_201