HALLIBURTON MOVING HEADQUARTERS TO DUBAI

Oil services and defense contractor Halliburton announced on Sunday that they will relocated corporate headquarters from Houston to Dubai in the United Arab Emirates. Halliburton will maintain its legal registration in the United States and will keep some offices in Houston, but the CEO and other top executives will transfer to Dubai.

Halliburton has been the target of criticism as some have alleged that the company benefits unfairly because of its relationship with Vice President Dick Cheney, the former CEO of Halliburton. Also, last month federal investigators alleged that Halliburton was responsible for $2.7 billion in contractor waste and overcharging in Iraq.

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