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US Baker Hughes to invest $80m in Dubai
- United Arab Emirates: Wednesday, February 13 - 2008 at 10:22
US-based oilfield services firm Baker Hughes plans to invest over $80m to open a Middle East and Asia Pacific headquarters in the Gulf trade hub of Dubai, reported Kuwait Times. Fellow US oilfield services company Halliburton announced last year it would set up a second headquarters in Dubai, sparking controversy among US politicians, some of whom accused it of trying to get around US sanctions against Iran.
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Amena Bakr, Senior ReporterWednesday, February 13 - 2008 at 10:22 UAE local time (GMT+4)
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