Pilgrim spending could soothe Saudi Arabia's oil pain

Cheap oil pushes Saudi Arabia into further budget cuts

Saudi Arabia has a big oil-shaped hole in its budget. Can religious tourism help plug it?

More than two million pilgrims will travel to Saudi Arabia in the next few days to visit Islam’s holiest site in Mecca. The journey — or Hajj — is one of the pillars of Islam that all Muslims who are financially and physically able must perform once in their lifetime.

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Economic news – CNNMoney.com

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