Monaco Times

Autopsy Finds No Violence in Death of Epstein-Linked Model Scout

Daniel Siad died before French investigators questioned him over rape and trafficking allegations, but prosecutors say their wider inquiry will continue as toxicology and pathology results remain pending.

Prince Albert II and Princess Charlene Host Seventy-Seventh Monaco Red Cross Ball

Prince Albert II and Princess Charlene welcomed philanthropists, business leaders, and international guests to the seventy-seventh Monaco Red Cross Ball, raising funds to support humanitarian initiatives.

Monaco Property Prices Remain Near Record Levels as Mareterra Supports Demand

Real estate reports showed average residential prices holding near fifty-eight thousand euros per square metre, supported by limited land supply, sustained international demand, and the premium positioning of the Mareterra waterfront dev...

Monte Carlo Société des Bains de Mer Shares Rise as Summer Tourism Boosts Revenue

Shares of Monte Carlo Société des Bains de Mer climbed to one hundred and forty euros as strong demand for the Monte Carlo Summer Festival attracted affluent international visitors to the Principality's leading entertainment venues.

Monaco Yacht Show to Feature Record Fleet and Forty-Three World Premieres

Organizers of the thirty-fifth Monaco Yacht Show confirmed an initial lineup of one hundred and twenty superyachts, including forty-three world premieres and the one hundred and two metre Lürssen yacht Nixie, underscoring continued stren...

Residents Evacuated From La Petite Afrique After Structural Safety Concerns

Emergency services evacuated fourteen residents from the luxury La Petite Afrique residence in Monte Carlo after engineers identified a serious crack in a basement load-bearing wall, prompting precautionary safety measures.

Group Banque Richelieu Assets Exceed Eleven Billion Euros as Wealth Flows Continue

Group Banque Richelieu reported assets under management of more than eleven billion euros, reflecting continued inflows from high-net-worth clients and sustained confidence in Monaco's private banking sector.

Monaco Accelerates Anti-Money Laundering Reforms to Exit MONEYVAL Grey List

Monaco is strengthening its anti-money laundering framework by expanding the Monaco Financial Security Authority, deploying specialized prosecutors, and increasing international asset recovery efforts as it works toward leaving the MONEY...

Monaco Maintains World's Highest Concentration of Millionaires

Recent global wealth studies reaffirmed that nearly one in three Monaco residents is a millionaire, underscoring the principality's unique concentration of private wealth and resilient luxury economy.

Grimaldi Forum Summer Exhibition Draws International Art Collectors

The Grimaldi Forum opened its flagship summer exhibition, attracting collectors, gallery executives, and cultural leaders whose visits are providing an additional boost to Monaco's luxury hospitality sector.

Private Aviation Demand Reaches Seasonal High on the French Riviera

Operators serving routes between Nice Côte d'Azur Airport and the Monaco heliport reported record bookings from business travelers and high-net-worth visitors during the summer peak.

AS Monaco Continues European Pre-Season Campaign

AS Monaco is preparing for the new season with exhibition matches against Sporting Clube de Portugal and Cercle Brugge as the club builds momentum for domestic and European competitions.

Monaco Enhances Smart Security Measures for Peak Tourist Season

The Department of Interior expanded smart-city surveillance systems and increased police patrols in luxury shopping districts and marina areas to maintain security during the busy summer period.

Monaco Reinforces Diplomatic and Economic Cooperation With European Partners

Senior officials held talks with European counterparts on cross-border mobility, trade, and regional security to support Monaco's economic stability and international connectivity.

Monaco's Fine Dining Sector Reports Fully Booked Summer Season

Michelin-starred restaurants and other high-end dining venues reported full reservations throughout the summer, driven by strong tourism and an influx of superyacht visitors along the French Riviera.

Monaco Introduces More Seawater Energy Systems in New Developments

Engineers expanded the use of seawater-based heating and cooling networks in projects including Mareterra, supporting Monaco's carbon reduction goals while serving new luxury developments.

Demand for Luxury Catamarans Grows Ahead of Monaco Yacht Show

Shipbuilders and yacht brokers reported increasing interest in high-end multihull vessels, with several new models scheduled to make their international debut at the Monaco Yacht Show.

Luxury Brands Expand Flagship Stores Around Monte Carlo's Casino Square

Leading fashion and jewelry houses are enlarging or upgrading boutiques in Monte Carlo's Carré d'Or district to meet continued demand from affluent international visitors during the summer season.

Prince Albert II Foundation Expands Global Marine Conservation Funding

The Prince Albert II Foundation announced new grants supporting Mediterranean biodiversity and international marine conservation projects, reinforcing Monaco's role in environmental and ocean sustainability initiatives.

Monaco Reviews Commercial Strategy for Formula One Grand Prix

Officials and motorsport executives are evaluating new commercial opportunities following the successful 2026 Monaco Grand Prix, aiming to strengthen the event's long-term hospitality and business potential.

Monaco Summer Festival Boosts Luxury Hotels and Entertainment Sector

Société des Bains de Mer reported strong occupancy rates and luxury spending during the Monte-Carlo Summer Festival, with concerts and fireworks drawing international visitors throughout the peak holiday season.

Monaco Expands Digital Asset Rules While Tightening Financial Compliance

The Monegasque government is refining its regulatory framework for digital assets and blockchain services to attract fintech investment while maintaining strict anti-money laundering standards.

Ukraine Detains Suspect Linked to Monaco Car Bombing

Authorities in Ukraine arrested a suspect connected to the late-June car bombing in Monaco that injured a prominent Ukrainian businessman, marking a significant step in the investigation into the rare attack.

Monaco Yacht Show to Feature Record 43 Superyacht World Premieres

Organizers confirmed that 120 yachts will be displayed at September's Monaco Yacht Show, including a record 43 global premieres, as buyers seek immediate delivery while shipyard order books remain filled beyond 2028.

Monaco Retains Appeal as a Global Safe Haven for Wealthy Investors

A new luxury property outlook from Sotheby's International Realty said Monaco continues to attract ultra-high-net-worth buyers despite global economic uncertainty, supporting strong demand for premium real estate.

Monaco Private Banking Continues to Benefit From Global Wealth Migration

Private banks and family offices reported rising residency inquiries from ultra-high-net-worth individuals seeking Monaco's political stability, favorable tax environment, and proximity to European financial markets.

Monaco Strengthens Anti-Money Laundering Controls After FATF Greylist Review

Private banks and wealth managers are introducing stricter due diligence and beneficial ownership checks after the Financial Action Task Force confirmed Monaco will remain under increased monitoring in its latest July update.

Monaco Property Prices Reach New Record After Completion of Mareterra Eco-District

The completion of the €2 billion Mareterra land reclamation project has pushed average residential prices in Monaco's Larvotto district above €71,000 per square meter, reinforcing the principality's position as the world's leading ultra-...

France and Monaco Advance Sustainable Transport Links

French regional authorities and Monaco infrastructure planners renewed efforts to improve rail services and sustainable maritime transport between Nice and Monaco, aiming to ease congestion and support the Principality's cross-border wor...

Monaco Red Cross Gala Raises Funds for International Humanitarian Work

The seventy-seventh Monaco Red Cross Gala brought together philanthropists, business leaders and European royalty, raising significant funding for humanitarian programmes while reinforcing its standing as a leading charitable event.

AS Monaco Strengthens Global Profile Through Commercial Partnerships

AS Monaco expanded its international commercial activities with new sponsorship agreements and pre-season matches, supporting broader efforts to enhance the Principality's global profile.

Michelin-Starred Restaurant Groups Expand Monaco Investments

International hospitality groups continue to open premium dining venues in Monaco, using the Principality's concentration of affluent residents to develop new luxury culinary and nightlife concepts.

Monaco Updates Digital Asset Custody Guidance for Wealth Managers

Financial regulators issued new technical guidance on the custody and integration of digital assets within private banking portfolios, seeking to encourage innovation while maintaining strict anti-money laundering standards.

Grimaldi Forum Exhibition Draws Record International Attendance

The Grimaldi Forum's flagship summer exhibition attracted record visitor numbers, providing a significant boost to nearby luxury hotels, restaurants and hospitality businesses.

Shortage of Superyacht Berths Drives Up Monaco Mooring Costs

Port operators and yacht managers reported growing demand for deep-water berths capable of accommodating vessels longer than seventy metres, pushing up mooring prices across Monaco and the French Riviera.

Luxury Brands Expand Monte Carlo Presence Despite Rising Rents

Global fashion houses and jewellery brands continue to secure retail space in Monte Carlo, accepting record commercial lease rates to maintain access to one of Europe's wealthiest consumer markets.

Monaco Banks Expand AI for Wealth Management and Compliance

Leading private banks are investing in artificial intelligence to enhance portfolio management, improve personalised client services and strengthen regulatory compliance across complex wealth structures.

Helicopter Transfers Between Nice and Monaco Reach Summer Peak

Private aviation operators reported record demand for helicopter transfers between Nice International Airport and Monaco Heliport as affluent travellers sought faster access during the busy summer season.

Prince Albert II Foundation Expands Marine Conservation Partnerships

The Prince Albert II Foundation announced new investment partnerships with private sector and maritime organisations to support marine conservation projects and strengthen Monaco's role in financing the blue economy.

Luxury Property Prices Reach New Highs in Monte Carlo

Property analysts said renovated sea-view apartments in Monaco's Carré d'Or district continue to command average prices exceeding 10 million euros, supported by limited supply and sustained demand from wealthy international buyers.

Monaco Wealth Managers Expand Multi-Family Office Services

Financial institutions and advisory firms reported growing demand for multi-family office structures as international clients seek more sophisticated management of global investments, luxury property and succession planning.