Word: halliburtons
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...Administration was an even bigger mistake than hiring former Defense Secretary Donald Rumsfeld. Long gone are the days when a Vice President only attended funerals and did not cause them - so many of them. Libby (now Fibby) has been ruined playing a dangerous game for the VP and losing. Halliburton is moving to Dubai. Let's hope the company takes Cheney along. Mel Maurer, WESTLAKE, OHIO...
...Administration was an even bigger mistake than hiring former Defense Secretary Donald Rumsfeld. Long gone are the days when a Vice President only attended funerals and did not cause them--so many of them. Libby (now Fibby) has been ruined playing a dangerous game for the V.P. and losing. Halliburton is moving to Dubai. Let's hope the company takes Cheney along...
...move, which was greeted as a "powerful statement" by Merrill Lynch industry analyst Alan Lewis, overshadowed a second part of Lesar's announcement: Halliburton stock will be listed on one of the Middle East's stock exchanges. Most analysts believe it will be the Dubai Financial Market. That, says Jaffe, will enable the company to gain access to the vast amount of capital in the region. It also serves a wider purpose: giving regional investors a stake in the stability of global companies. When nationally owned oil companies have been listed on various exchanges, Jaffe says, it has generally...
...first thing Halliburton chief executive David Lesar would need upon re-locating from Houston to Dubai, is a place to live. That won't be easy to find, even with a Texas-sized wallet - when it comes to property bonanzas, Dubai is a 21st century version of the California Gold Rush...
...Halliburton is merely the latest in a growing number of banks and other global service companies making Dubai their Middle East hub. At present, oil provides only 3% of Dubai's GDP, with services accounting for three-quarters. As Sheikh Mo noted when he unveiled his government's new Strategic Plan last month, Dubai has no intention of slowing down. The Ruler vowed to pursue 11% annual growth through 2015 to realize Gross Domestic Product of $108 billion and an average personal income of $44,000 a year. That's pretty big talkin', even by Texas standards...