Dubai International Capital LLC
Dubai International Capital LLC (DIC) was "launched on October 26, 2004," as the "newly formed investment arm of Dubai Holding, LLC." "Dubai International Capital's mission is to build an international portfolio of diverse business assets generating above average returns whilst also creating strategic alliances for Dubai Holding and its stakeholders." 
Dubai International Capital completed its $1.3 billion purchase of Doncasters Group Ltd. , a British precision-engineering company with "plants in Georgia and Connecticut that make precision parts used in engines for military aircraft and tanks,"  Tarek Al-Issawi, reported May 7, 2006, for the Associated Press.
On March 2, 2006, Dubai International Capital joined DP World as the second Dubai-owned company to come under investigation when it was announced that the Bush administration had "launched an unusual investigation over the potential security risks of its business moves in the United States." 
- Doncasters "operates 25 manufacturing facilities and employs over 4,500 people across Europe and North America. It has an international blue chip customer base in the aerospace and industrial gas turbines industries and the automotive turbocharger and medical technologies sectors." 
"The purchase passed two months of scrutiny by the Committee on Foreign Investments in the United States, a 12-agency panel headed by the U.S. Treasury Department that reviews transactions involving national security," Tarek Al-Issawi wrote. "The White House approved the deal last week, after American lawmakers said they were satisfied with the review."
"This investment follows a series of strategic, value-driven investments by DIC including a US$1 billion investment in DaimlerChrysler , the Â£800 million acquisition of The Tussauds Group , along with its anchor investments of US$272 million in JD Capital investment company in Jordan and US$150 million in Ishraq, a company formed to develop and own up to 22 Express by Holiday Inn hotels in the Middle East. ... DIC's financial adviser on the transaction was HSBC Bank plc. RBEF was advised by Lazard & Co. Limited." 
Related SourceWatch Resources
- "'Dubai Yachting' project launched to create new destination for global yachting enthusiasts," AME Info, July 28, 2004.
- "Dubai International Capital signs investment cooperation agreement with Chinese Government," AME Info, November 27, 2004.
- "Dubai Holding entity becomes third largest shareholder in DaimlerChrysler," AME Info, January 30, 2005: "The acquisition was negotiated, structured and carried out by newly set up Dubai International Capital, which is a part of Dubai Holding." Note: emphasis added.
- "Dubai International Capital acquires Doncasters Group Limited for AED 4.5 Billion," AME Info, March 14, 2005.
- "A Consortium of 12 Regional Investors Will Finance the US $150 million. Development of 20 Express by Holiday Inn's Across Five Countries in the GCC," Hotel Online, October 2, 2005.
- "Dubai International Capital invests in hotel fund," Strategiy, October 3, 2005.
- "Dubai International Capital confirms it is one of the final bidders for DaimlerChrysler's diesel engine unit," AME Info, November 1, 2005.
- "Dubai International Capital to buy British engineering group," Gulfnews.com, December 15, 2005.
- "Dubai unveils blueprint for US$15 billion investment in global aerospace industry. Dubai Aerospace Enterprise to debut aerospace manufacturing and advanced services in the region," Dubai International Finance Centre, February 19, 2006.
- James Cordahi and Andrea Rothman, "Dubai plans to invest $15 billion in aircraft," Bloomberg News (International Herald Tribune), February 20, 2006.
- Liz Sidoti, "U.S. Reviewing Second Dubai-Based Company," Associated Press (Washington Post), March 2, 2006.
- Jonathan Weisman and Susan Schmidt, "U.S. Reviewing 2nd Dubai Firm. Israeli Deal Also Faces Security Check," Washington Post, March 2, 2006.
- "U.S. reviewing Dubai military supplier," UPI, March 2, 2006.
- Guto Harri, "US examines fresh Dubai takeover," BBC, March 2, 2006.
- Jonathan Weisman, "Panel Chairman to Fight Port Deal. Hunter Also Vows to Block Purchase by 2nd Dubai Firm," Washington Post (Seattle Times), March 3, 2006.
- Jamila Qadir, "DIC confident of getting US regulatory approval," Khaleej Times, March 3, 2006.
- David Litterick, "Another Dubai firm braced for US security probe," Telegraph (UK), March 3, 2006.
- Tarek Al-Issawi, "Dubai firm completes deal for Doncasters," Associated Press (Boston Globe), May 7, 2006.
- Eric Ellis, "Dubai's rags-to-riches miracle built on the toil of exploited foreign workers", The Age, February 9, 2008.