Monday, March 12, 2007

Halliburton Moves Corporate Headquarters to Dubai

Halliburton (CEO and top executives) is moving to the United Arab Emirates - Dubai, which should come as no surprise to anyone. Halliburton also plans on selling off KBR, who provide services to the military, but that is only a small part of Halliburton's business, not to mention, Halliburton may see the end is near regarding military contracting. After all, they have already "serviced" the Iraq war and military experts are not exactly praising their work.

Federal investigators last month alleged Halliburton was responsible for $2.7 billion of the $10 billion in contractor waste and overcharging in Iraq.
Halliburton wants to focus on where it makes most of its money, selling the massive machines to make oil fields work and providing the man power to work those fields.

The United Arab Emirates has become a central hub of global business; as Jim Krane, Associated Press Writer, says, "an Arab boomtown where free-market capitalism has been paired with some of the world's most liberal tax, investment and residency laws". Most major American businesses have offices in Dubai, but Halliburton is the first to relocate its corporate leadership there. Halliburton's main reason for relocating is potential new customers...there are more opportunities in the Middle East, Africa and Asia than in the Americas.

It's such a good feeling to know so many lives have been sacrificed, all in the name of Halliburton.


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