Amidst mounting pressure from politicians and critics alike for President Bush to shoot down a deal that would transfer control of a number of vital U.S. seaports to United Arab Emirates (UAE)-based Dubai Ports World (DP World), the company announced it would delay the takeover, Reuters reports.DP World plans on going ahead with the $6.85 billion deal to acquire UK-based Peninsular and Oriental Steam Navigation Co.’s worldwide port operations, but it said it would make unique arrangement for the six U.S. ports at issue, according to Reuters.“In practice, this will mean that DP World will not exercise control over, or otherwise influence, the management of P&O’s U.S. operations pending the outcome of these further discussions,” a company statement read.The deal garnered international attention over the last week when both senior Republicans and Democrats urged President Bush to block the deal in the name of national security. Bush defended the arrangement, saying his administration would never condone a deal that could endanger American citizens.For more background, read Bush Urged to Block Dubai Ports Deal and Selling U.S. Ports to Dubai: Bad Security or Just Bad Politics? Don’t forget to keep checking in at our CSO Security Feed page for updated news coverage. Related content news analysis Companies are already feeling the pressure from upcoming US SEC cyber rules New Securities and Exchange Commission cyber incident reporting rules don't kick in until December, but experts say they highlight the need for greater collaboration between CISOs and the C-suite By Cynthia Brumfield Sep 28, 2023 6 mins Regulation Data Breach Financial Services Industry news UK data regulator warns that data breaches put abuse victims’ lives at risk The UK Information Commissioner’s Office has reprimanded seven organizations in the past 14 months for data breaches affecting victims of domestic abuse. By Michael Hill Sep 28, 2023 3 mins Electronic Health Records Data Breach Government news EchoMark releases watermarking solution to secure private communications, detect insider threats Enterprise-grade software embeds AI-driven, forensic watermarking in emails and documents to pinpoint potential insider risks By Michael Hill Sep 28, 2023 4 mins Communications Security Threat and Vulnerability Management Security Software news SpecterOps to use in-house approximation to test for global attack variations The new offering uses atomic tests and in-house approximation in purple team assessment to test all known techniques of an attack. By Shweta Sharma Sep 28, 2023 3 mins Penetration Testing Network Security Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe