What the Collapse of Trade Talks Means for U.S. Alcohol Sales

Aug 22, 2026 | Alcohol took centre stage during this week's tariff talks, and businesses are caught in the middle. Chris Swonger, president and CEO of of the Distilled Spirits Council of the United States, says regaining consumer loyalty will take time.

Saudi Arabia Is Lifting the Alcohol Ban for Wealthy Foreigners

BBC: Saudi Arabia has quietly started to allow wealthy foreign residents to buy alcohol, a huge change after a 73-year ban. Commentators expect that the relaxation will eventually be extended to tourists, as Sameer Hashmi reports from Riyadh.

For decades, Riyadh's Diplomatic Quarter has stood apart from the rest of the capital city – an affluent enclave of embassies and upscale residences, with shaded walkways, greenery and a café culture that draws young Saudis and expatriates alike.

Now, tucked inside a discreet, unmarked beige complex within the exclusive neighbourhood, a small store has become a discrete testing ground for one of Saudi Arabia's most sensitive policy shifts – the controlled sale of alcohol to wealthy non-Muslim foreigners.

Saudi Arabia, home to Islam's two holiest sites, banned the sale of alcohol in 1952. But as part of a broader effort to reshape its image, the kingdom has rolled out sweeping social and economic reforms in recent years, presenting itself as a more moderate and investment-friendly society.

Under the leadership of crown prince Mohammed bin Salman, Saudi Arabia's de facto ruler, the kingdom has reopened cinemas, hosted major music festivals, lifted the ban on women driving, and curtailed the powers of the once-feared religious police.

But the quiet expansion of legal alcohol sales is arguably the boldest experiment yet.

The liquor shop first opened in Riyadh in January 2024, but entry was initially restricted to non-Muslim diplomats. Under new rules introduced without announcement at the end of 2025, wealthy, non-Muslim foreign residents can now also go there to purchase beer, wine and spirits.

To be eligible, an expat must either hold a Premium Residency permit, which costs 100,000 Saudi riyals ($27,000; £19,300) a year; or show that he or she earns at least 50,000 riyals per month.

The Premium Residency scheme has varying eligibility criteria, and is typically open to senior foreign executives, investors, and professionals with specialised skills.

In both the case of permit holders and those without, they will have to show their residence ID card to security guards at the door. This details their religion and residency status. » | Sameer Hashmi | Thursday, February 5, 2026

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Supermarkets Criticise Government Plans to Raise Cost of Alcohol
Socialist governments just can’t help themselves, can they? They believe that for every societal ill, there is a tax that will solve the problem. Either that, or they come with an outright ban, as has been done for all smoking in public places, and fox-hunting.

Now they come with this hare-brained idea to put even more tax on alcohol in order to combat the ugly binge-drinking ‘culture’ if culture it can indeed be called!

Binge-drinking has its causes deeply-rooted in the way we bring up our children today. We in the West have forgotten that children need to be raised by full-time mothers, not part-time ones. A part-time mother is as much use as a part-time lover!

If this government is really serious about tackling binge-drinking, it needs to find a way to encourage mothers to return to being there full-time for their children in the formative years. The government also needs to find a way of reversing the trend of the break-up of the family, for without a strong family unit, there is no sanction on dreadful behaviour by our young people.

It’s time that we stopped deluding ourselves. Good, responsible behaviour is learnt in the home, and from good, solid mothers and fathers. No tax from a socialist government wll ever be a substitute for that! – © Mark

THE TELEGRAPH: Britain’s biggest supermarkets have criticised Government proposals to introduce a minimum price for alcohol saying it will fail to curb the country’s binge drinking culture.

They are outraged at the plans which they claim will end up targeting the wrong people and penalize middle-class consumers who drink responsibly instead.

A spokesman for Sainsbury’s said: “We believe that minimum pricing will unfairly penalise our shoppers, the vast majority of whom buy alcohol as part of their weekly shop and drink responsibly in their own homes.”

And a spokesman for Tesco agreed, saying: “We accept that the country has a binge drinking problem, but the vast majority of alcohol bought at our stores is by responsible people who enjoy a bargain.”

Yesterday, the Daily Telegraph revealed the Government was planning to fight the next election on proposals to cut alcohol abuse with a staged scheme including tougher warnings on labels and bans on discounting drinks which would culminiate in minimum prices.

But the price-fixing scheme could lead to a doubling in price of the cheapest alcoholic drinks sold in supermarkets.

Tesco said the doubling of prices would not stop alcohol abuse and would just encourage consumers to buy elsewhere.

The British Retail Consortium said cheap alcohol sold by supermarkets was not to blame and described the introduction of minimum prices as “unfair”.

Andrew Opie, food director at the British Retail Consortium, said: “Any change in alcohol policy must be based on evidence and not disadvantage the millions of people who drink responsibly and would be unfairly affected by price hikes.

“Simply putting prices up will not tackle problem drinking. It has cultural causes and they are what must be addressed. The UK already has some of the highest alcohol taxes in Europe. >>> Myra Butterworth, Rosa Prince and Simon Johnson | Thursday, January 14, 2010

Islamic Finance Expands as Wealth Grows
KHALEEJ TIMES: DUBAI - The market for Islamic finance and banking is growing rapidly in the Gulf thanks to burgeoning wealth and attractive financial instruments.

Studies have put the total value of Islamic equity funds in the Gulf region at around 30 billion dollars (19.5 billion euros), said Khaled al-Masri, partner in asset management at Dubai-based Rasmala Investments.

“Investable wealth in the Gulf Cooperation Council is growing by one of the highest rates in the world ... This increase is being met with more product providers and products being launched in the GCC market,” he said.

The Islamic finance industry worldwide is worth around 700 billion dollars, Moody’s Investors Services estimated in a February report.

Economies of the six GCC member states -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates -- have been enjoying remarkable growth over the past few years on the back of record oil prices.

The robust economic performance has inflated local wealth in this Muslim region where many might prefer to seek profit through investments that do not contradict their beliefs.

The basic principle of Islamic finance is the prohibition of Riba (usury), which is correlated with interest in today’s banking.
Islamic funds are also banned from investing in companies associated with tobacco, alcohol, pornography, pork or gambling, all considered taboo by devout Muslims.

Some 125 Islamic equity funds are based in the GCC out of around 320 globally, said Mark Smyth, UK-based managing director of Failaka Advisors, an Islamic fund research company.

“Increasing familiarity with Islamic products combined with the presence of longer and more established funds seems to be driving the current growth, combined with strong returns,” Smyth told AFP.

Islamic finance provides a “solution for investors and consumers who want to adhere to sharia-compliant principles in their investment and consumption decisions,” said Masri, referring to principles in line with Islamic law.

He also pointed out that the sukuk (Islamic bonds) have become appealing at the corporate and government levels as a tool to raise finance, which in turn increased the size of the sector.

A report by the US-based Morgan Stanley investment bank published by the local press in February put outstanding issued sukuk at more than 90 billion dollars worldwide. Islamic finance expands as wealth grows >>>

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