In a large bowl, combine the flour, sugar, salt, and dry yeast. It's important not to let the yeast come into direct contact with the salt, as this can inhibit its activation.
Gradually add lukewarm water and mix until you get a soft, slightly sticky dough. If it's too dry, add a little more water; if it's too sticky, you can sprinkle in a little flour.
Cover the bowl with a clean kitchen towel and let it rise in a warm place for 1 hour, or until the dough has doubled in size.
In a large skillet, heat a generous amount of vegetable oil over medium heat. The oil is ready when a small piece of dough immediately begins to bubble in it.
With oiled hands, pinch off a small piece of dough, form it into a small ball, then use your finger to make a hole in the center to create a donut shape.
Carefully place the dough into the oil and fry on both sides until golden brown, about 2-3 minutes per side.
Place the fried bambalounis on a paper towel to absorb excess oil, then sprinkle with powdered sugar while still warm.
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