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Halliburton Moves its Heads to UAE

The oilfiled services giant Halliburton is moving its headquarters from Texas to Dubai

Halliburton, the oil services company is moving its headquarters from Texas to Dubai in order to expand its business in the Middle East.

Halliburton won valuable contracts in Iraq following the US-led invasion of 2003, some of which were awarded without competitive bidding.

The company also has extensive operations in Saudi Arabia.

The oil giant will keep an office in Houston but the posts of chairman, president and chief executive will be based in Dubai.