KIPCO – the Kuwait Projects Company - has announced the early repayment of a US$175 million syndicated loan which was due to mature on July 20th, 2010. The loan was priced at Libor plus 1.25% and was repaid on 30th November 2006. This repayment continues KIPCO’s strategy of reducing its overall cost of funds and follows the company’s redemption announcement of a US$100 million syndicated loan earlier this month.
ALBAWABA - The U.S. Central Command (CENTCOM) announced on Tuesday that USS George H.W. Bush (CVN 77) passed through the Arabian Sea as part of Operation "Project Freedom" declared by ...