Global Cities for Global Corporations








PART 3 of 3




Patrick Wood
March 11, 2006

United Arab Emirates: Home of Dubai Ports World

For instance, consider the Dubai International Financial Centre (DIFC):

"The DIFC is an onshore capital market designated as a financial free zone designed to create a unique financial services cluster economy for wealth creation initiatives. It is established as part of the larger vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and the Government of Dubai to create an environment for growth, progress and economic development in the UAE and the wider region. Integrity, transparency and efficiency are the guiding principles of the DIFC.

"There are six primary sectors of focus within the DIFC: Banking Services (Investment Banking, Corporate Banking & Private Banking); Capital Markets (Equity, Debt Instruments, Derivatives & Commodity Trading); Asset Management & Fund Registration (Fund Registration, Fund Administration & Fund Management); Reinsurance; Islamic Finance and Back Office Operations.

"Licence applications are being considered from financial institutions in the above sectors. Each of these units will offer benefits such as zero tax rate on income and profits, 100 per cent foreign ownership, no restrictions on foreign exchange or capital/profit repatriation, operational support and business continuity facilities. [Emphasis added] [1]

It's no surprise that Morgan Stanley applied for and received a license from the Dubai Financial Services Authority (DFSA) to operate within the DIFC. According to Dr. Georges Makhoul, Morgan Stanley�s regional head for the Middle East and North Africa,

�We are operational in the DIFC now and look forward to the official opening of this important regional office later next month. �The DFSA�s effective regulatory framework, combined with the DIFC�s robust infrastructure, provides us with an excellent environment in which to expand our offering to clients.�[2]

The director-general of the DIFC Authority, Dr. Omar Bin Sulaiman, welcomed Morgan Stanley by stating,

�This is a testimony to our status as an international financial centre of repute. Morgan Stanley is a highly reputed organisation and to have them here at the DIFC is a vindication of our strategy to create a world-class financial hub for the region. The opportunity available within the region, along with the state-of-the-art infrastructure and the international regulatory framework of the DIFC, provides the ideal platform for institutions such as Morgan Stanley to grow their business." [Emphasis added] [3]

Ideal platform, indeed. Who couldn't grow their business with zero income tax, unlimited foreign ownership and no foreign exchange regulations?

Cities like Dubai are reminiscent of the rebuilding of Japan and Germany after WWII. Since their economic infrastructure was destroyed, they were rebuilt from the ground up with the latest industrial technology, leaving America behind and less competitive in world markets.

On the other hand, both Japan and Germany were a conquered people after WWII. They gave up and "rolled over." The Islamic residents of Dubai (and other GCC countries), by contrast, have not been conquered and most continue to view the U.S. as the "great Satan" that must be eliminated from the face of the earth, along with Israel.

DP World, who will shortly take over operation of 21 U.S. port terminal facilities, is wholly owned by the royal family that constitutes the government of the UAE. This form of government, where a family owns and runs the government, is unknown in the western world. It is the pinnacle of fascism and dictatorship combined.

Most assume that the royal family's riches came from royalties paid on oil production, and this is certainly true. But even that kind of wealth cannot account for the rapid rise of DP World as a top player in shipping and port operation throughout the world.

Records show, for instance, that DP World purchased P&O for $6.8 billion. Only $300 million (5 percent) actually came from DP World -- the rest, $6.5 billion, was provided by Barclays Capital and Deutsche Bank AG.

In short, it is the global banking community that enables the corporate expansion of powerful companies owned by close-knit Islamic families in the GCC countries. Without global bank support, there would be no DP World to take over American shipping ports.

Trilateral Support for DP World Takeover

On March 1, 2006, The Financial Times was first to report the story that former U.S. president Bill Clinton (member of the Trilateral Commission) had advised the UAE on damage control when confronted with stiff political resistance over the DP World takeover of American ports. Although it was intimated that Clinton acted in an informal capacity, the article also noted that his overall relationship with the UAE and Dubai is far from casual:

"Mr. Clinton�s contact with Dubai on the issue underscores the relationship he has developed with the United Arab Emirates since leaving office. In 2002, he was paid $300,000 to address a summit in Dubai."[4]

Three days later on March 4, when reporting on Hillary Clinton's claim that she knew nothing of her husband's involvement with Dubai, the Financial Times revealed yet more details about Clinton's relationship to the UAE...

"Mrs. Clinton's financial disclosure forms reveal that her husband earned $450,000 giving speeches in Dubai in 2002. Officials from the UAE also reportedly donated between $500,000 and $1m to fund Mr. Clinton's presidential library in Arkansas - part of an effort by the emirates to forge a close relationship with the former US president."[5]

In another instance, the New York Daily News released an article suggesting the White House seeks to defuse resistance to the DP World port takeover by finding a U.S. partner to add to the deal.

"A lot of people are talking about this, a subsidiary or a deal like that," a congressional source confirmed.

One snag to such a deal may be that sources say the U.S. company best equipped to partner with DP World is Halliburton, once headed by Vice President Cheney.

After undergoing so much scrutiny for its no-bid Iraq contract and the handling of some of its duties there, Halliburton may not be able to help DP World land the deal, a source admitted."[6]

Both Dick Cheney and his wife, Lynne, are members of the Trilateral Commission.

It is likely that this article is only a trial balloon to test public resistance to Halliburton, but even the suggestion that Cheney's ex-employer might be involved identifies Trilateral influence.

Robert Zoellick, also a member of the Trilateral Commission and currently Deputy Secretary of State, was formerly the U.S. Trade Representative. On November 11, 2004, Zoellick announced that the Administration intended to negotiate Free Trade Agreements with the UAE and Oman. In his letter to congressional leaders, he wrote,

"A free trade agreement with the UAE and Oman will promote the President�s initiative to advance economic reforms and openness in the Middle East and the Persian Gulf, moving us closer to the creation of a Middle East Free Trade Area,"[7]

Note that Zoellick positions the FTA as the President's initiative, rather than an outright Trilateral Commission policy initiative. In his next sentence, he credits the policy due to recommendations from the 9/11 Commission Report:

Furthermore, our free trade agreements in the Middle East complement The 9/11 Commission Report recommendation urging the United States to expand trade with the Middle East as a way to �encourage development, more open societies and opportunities for people to improve the lives of their families.�" [Emphasis added] [8]

Who did President Bush originally appoint to head the 9/11 Commission? None other than original Trilateral Commission member, Henry Kissinger. Kissinger accepted the appointment but resigned a month later amid accusations of "conflict of interest." Bush replaced Kissinger with Thomas Kean, a member of the Council on Foreign Relations and a director of the oil giant Amerada Hess, and who had business ties to Saudi Arabia and the GCC.

The U.S./UAE Free Trade Agreement started by Zoellick in 2004 is due to be completed in March or April, 2006. This lucrative FTA is in jeopardy if the DP World takeover of U.S. ports does not proceed as planned. This may adequately explain the President's immediate and vehement support of the DP World deal -- to reject the UAE could easily kill the FTA and thus cost billions to global corporations.


As usual, it's about money and not national security. There is clear and abundant evidence that since 1973, U.S. maritime national security has been literally wrecked by the self-serving interests of members of the Trilateral Commission and other global elitists. In every instance mentioned in this report, there was no public disclosure until someone else made it public. In every instance, there was fierce resistance from the U.S. public. If the Constitution, statutes, courts, Congress or the public stood in their way, then other ways were found to get around them.

From this discussion of maritime national security, we can sadly conclude:

  • The communist Chinese are in complete control of the immensely strategic Panama Canal
  • The communist Chinese operate massive door-to-door shipping networks on the U.S. pacific coast and throughout the U.S.
  • The Islamic United Arab Emirates may soon control 21 major U.S. shipping ports
  • The U.S. is wide open for economic and military defeat
  • The fingerprints of Trilateral Commission members and other global elitists are all over our loss of national security

When Brzezinski asks, "with how much insecurity can America live while promoting its interests in an increasingly interactive, interdependent world?", one must remember that it was Brzezinski's own policies that brought him to the place of needing to ask the question. Perhaps he is really wondering how much we can take before we break altogether. For part 1 and 2 click below.

[Editor's Note: This article can be read in its entirety, with associated pictures, at The August Review web site]

Click here for part -----> 1, 2,


1, DIFC Anniversary 2005 Notes of Success, DISC web site
2, Morgan Stanley Joins DIFC, Trade Arabia, March 5, 2006
3, ibid.
4, Bill Clinton helped Dubai on ports deal, Financial Times, March 1, 2006
5, Bill's ties to Dubai 'surprise' Hillary Clinton, Financial Times, March 4, 2006
6, Dubai & Dubya in dash for lifeboat, New York Daily Times, March 4, 2006
7, U.S. Announces Intent to Negotiate FTAs with UAE and Oman, Office of the U.S. Trade Representative, November 11, 2004)
8, ibid.


Current Trilateral Commission "players" in and around the Bush administration:

  • Dick Cheney, Vice President of the United States
  • Lynne V. Cheney, Chairman of the National Endowment for the Humanities, wife of Dick Cheney
  • Robert Zoellick, U.S. Deputy Secretary of State
  • Paul Wolfowitz, President of the World Bank
  • Paula J. Dobriansky, U.S. Under Secretary of State for Global Affairs
  • William J. McDonough, Chairman of the Public Company Accounting Oversight Board; former chairman of the New York Federal Reserve
  • William H. Webster, vice-chairman of Homeland Security Advisory Council
  • Richard N. Perle, foreign policy advisor to President
  • George Bush George H.W. Bush, President George Bush's father
  • Catherine Bertini, Under-Secretary-General for Management, United Nations, New York, NY
  • Paul Volker, Chairman of the Oil-for-Food investigation at the United Nations

Additional resources:

� 2006 Patrick Wood - All Rights Reserved

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Patrick M. Wood is editor of The August Review, which builds on his original research with the late Dr. Antony C. Sutton, who was formerly a Senior Fellow at the Hoover Institution for War, Peace and Revolution at Stanford University. Their 1977-1982 newsletter, Trilateral Observer, was the original authoritative critique on the New International Economic Order spearheaded by members of the Trilateral Commission.

Their highly regarded two-volume book, Trilaterals Over Washington, became a standard reference on global elitism. Wood's ongoing work is to build a knowledge center that provides a comprehensive and scholarly source of information on globalism in all its related forms: political, economic and religious.


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Cities like Dubai are reminiscent of the rebuilding of Japan and Germany after WWII. Since their economic infrastructure was destroyed, they were rebuilt from the ground up with the latest industrial technology, leaving America behind and less competitive in world markets.