Monday, March 12, 2007

As-salaam alaykum, Haliburton!

Haliburton to move headquarters and CEO to Dubai

MANAMA/HOUSTON - U.S. oil services firm Halliburton Co. is moving its headquarters and chief executive to Dubai in a move that immediately sparked criticism from some U.S. politicians.

Texas-based Halliburton, which was led by Vice President Dick Cheney from 1995-2000, did not specify what, if any, tax implications the move might entail. It plans to list on a stock exchange in the Middle East once it moves to Dubai — a booming commercial center in the Gulf. The company said it was making the moves to position itself better to gain contracts in the oil-rich Middle East.

Oh yeah... I got out at the right time. Yes indeed.

I guess this means we're in for another round of how icky and bad Dubai is, huh? : P


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