The move will allow foreigners to invest in firms whose revenues rely on the Islamic pilgrimage, one of the top revenue ...

Saudi Arabia aims to welcome 30 million pilgrims for Haj and the year-round pilgrimage umrah annually by 2030. In 2019, it ...

Non-Muslims are not allowed to own property in the holy cities of Makkah and Madinah, even after Saudi Arabia gradually ...

Saudi Arabia's market regulator is opening listed companies owning real estate in Mecca and Medina to foreign investors. This ...

In a major policy shift, Saudi Arabia has allowed foreign investors to invest in publicly-traded companies owning real estate ...

The literal meaning of Kiswah is cloak. It is a black cloth with intricately embroidered cloth, which covers the Kaaba. The ...

The Haj is one of the world's largest religious gatherings and the major annual event in Saudi Arabia. It is regarded as one ...

Saudi Arabia’s Capital Markets Authority (CMA) has announced that foreigners will be allowed to invest in companies that own real estate in the holy cities of Mecca and Medina. The CMA said the ...

Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision ...

The second edition of the Islamic Arts Biennale is drawing people from around the world to its opening in Jeddah.