Halliburton Moves HQ To Dubai

[Nitrogenica]

"Lesar's announcement appears to signal one of the highest-profile moves by a US corporate leader to Dubai, a Gulf Arab boomtown that is home to an ever-larger number of American and western companies.

In 2006, Halliburton - once headed by US vice president Dick Cheney - earned profits of $2.3bn (€1.8bn) on revenues of $22.6bn (€17.2bn).

Western banks and construction firms have also been eager to open offices and capture a share of Gulf energy revenues pouring into Dubai, where free-market capitalism has been paired with some of the world's most liberal tax, investment and residency laws.

Halliburton's Dubai headquarters will be better placed to focus on relations with the Gulf's enormous national oil companies, such as Saudi Aramco, the world's No. 1 oil producer."

http://www.fin24.co.za/articles/companies/display_article.aspx?Nav=ns&lvl2=comp&ArticleID=1518-1783_2081752

[Nickster]

1. And James Baker is expanding Baker-Botts in Dubai as well. n/t

[pwb]

2. good to see them go.

[Amonester]

3. Since Helliburton & Co Want to Dominate the World so much...

we should let them dominate it... There:

Expected Completion Date - In 2008
Real Estate Developer - Al Nakheel Properties
Location - Dubai, United Arab Emirates

but before they leave, we should make sure they give us back our money they robbed via darth cheneyous elf. :puke:

[EV_Ares]

4. Wall Street Journal News Alert On the Move

NEWS ALERT
from The Wall Street Journal



March 11, 2007
Halliburton will shift its corporate headquarters from Houston to Dubai, CEO Dave Lesar announced. Halliburton's Middle East headquarters will be better placed to focus on relations with the Gulf's enormous national oil companies, such as Saudi Aramco, the world's No. 1 oil producer.

The U.S. oil-services giant will maintain a corporate office in Houston, but the company will be controlled from its office in the United Arab Emirates, a spokeswoman said.


FOR MORE INFORMATION, see: http://wsj.com/article/0,,SB117362760997733466,00.html?mod=djemalert