China’s crude oil imports fell 32% quarter-over-quarter and drew down inventories as higher oil prices, driven by disruptions through the Strait of Hormuz, curbed buying, according to US Energy Information Administration (EIA).  Data from China’s General Administration of Customs show the country imported 8.1 million b/d during second quarter, down from the previous quarter. Imports...Read More

In a major boost to the cooperative dairy sector, the West Assam Milk Producers’ Cooperative Union Limited (WAMUL) has begun exporting its flagship Purabi Ice Cream to Bhutan, marking a significant milestone for dairy cooperatives in Northeast India. The first consignment was flagged off by Assam Chief Minister Himanta Biswa Sarma. The export opens a...Read More

Lending to construction, real estate, oil grew in the first half • WAMD payments continue to climb KUWAIT: Kuwait’s banks continued to expand lending during the first half of 2026 despite a sharp slowdown in import financing, as temporary central bank measures helped cushion the sector from regional instability. The Central Bank of Kuwait introduced...Read More