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FINANCIAL NEWS
Libya heading into expenditure troubles over strikes
12 Nov 2013
(MENAFN) The Libyan Prime Minister said that the country will face difficulties to cover the budget expenditure beginning from next month, The Peninsula reported.
The prime minister said: “The budget is based on the assumption that oil revenues flow for the (full) year,” adding that the country is heading into a deficit because oil exports are mostly on hold which will lead to problems covering the expenditure.
The country may lose Italy as a gas and oil business partner due to strikes at oil fields and export terminals. Italy imports as much as 25 percent of its oil needs from Libya.
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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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