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FINANCIAL NEWS
Libya heading into budget crisis
05 Jan 2014
(MENAFN) A budget crisis is threatening Libya as strikes at the country”s oilfields enter their sixth month, The Peninsula reported.
The North African nation”s oil exports dropped from 1 million barrels per day (bpd) to only 110,000 bpd. The government says that they have lost nearly USD10 billion in revenues since strike began in July.
Libya is heavily dependent on oil exports as they comprise almost all of its annual revenue of USD50 billion.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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