Monaco's AS Monaco Basket Files for Bankruptcy With Nearly €28 Million in Debt
Monaco's public prosecutor has confirmed that AS Monaco Basket, known as the Roca Team, has filed for bankruptcy with liabilities approaching €28 million. The insolvency threatens the basketball club's EuroLeague participation and could lead to the departure of players.
Monaco National Council Suspends Budget Debate Amid Housing and Employment Dispute
Monaco's elected National Council has suspended budget discussions following disagreements with the government over the pace of public housing construction and employment priorities for Monegasque citizens. The dispute has intensified tensions between the Principality's legislative and executive authorities.
Monaco Defends Record €6 Million Anti-Money Laundering Fine Against UBS
Monaco's financial authorities have defended a €6 million penalty imposed on the local branch of Swiss banking group UBS, rejecting criticism from the financial industry. The record fine reflects the Principality's efforts to strengthen enforcement of international anti-money laundering requirements.
Prime Suspect in Monaco Bombing of Ukrainian Businessman Found Dead Near Kyiv
Ukrainian authorities have confirmed that the main female suspect in the bombing of Ukrainian property magnate Vadym Yermolaiev in Monaco has been found shot dead near Kyiv. The suspect was accused of planting an explosive device that seriously injured the businessman earlier this year.
British Billionaire David Reuben Relocates to Monaco Amid UK Tax Changes
British property billionaire David Reuben, 88, has moved from London to Monaco as wealthy UK residents reassess their tax arrangements ahead of planned reforms. The Reuben family's fortune is estimated at £28 billion, while Monaco offers residents a generally income-tax-free environment.
Monaco's Société des Bains de Mer Reports Record Revenue Exceeding €861 Million
Luxury hotel and casino operator Monte-Carlo Société des Bains de Mer has reported annual revenue above €861 million, supported by strong international demand for its hotels, gaming establishments and restaurants. The performance highlights continued growth in Monaco's high-end hospitality sector.
Prince Albert II and Italian President Mattarella Discuss Aviation Treaty and Cross-Border Healthcare
Monaco's Prince Albert II has hosted Italian President Sergio Mattarella for a state visit focused on bilateral cooperation. Discussions included updating a 37-year-old aviation agreement and improving access to Monegasque hospitals for residents of Italy's neighbouring Liguria region.
Monaco Establishes Permanent Digital Agency to Expand AI Use and Cybersecurity
Monaco's government has replaced its temporary technology office with a permanent Digital Delegation tasked with expanding artificial intelligence in public administration, strengthening cybersecurity and improving data sharing across government services.
Prince Albert II Visits European Court of Human Rights During Monaco's Council of Europe Presidency
Prince Albert II has visited the European Court of Human Rights in Strasbourg alongside senior Monegasque judicial officials. The visit comes as Monaco holds the rotating presidency of the Council of Europe's Committee of Ministers, highlighting the Principality's role in European diplomatic and legal cooperation.
Monaco Yacht Show Draws 30,000 Visitors and Showcases €2 Billion Superyacht Fleet
The 35th Monaco Yacht Show has concluded at Port Hercules after attracting approximately 30,000 visitors and presenting a brokerage fleet valued at more than €2 billion. The event remains a major meeting point for international yacht buyers, shipbuilders and luxury maritime businesses.
Saudi Arabia Announces Inaugural Red Sea Yacht Show for 2027 at Monaco Event
Saudi development groups Tahaluf and Sela have signed an agreement at the Monaco Yacht Show to launch the first Red Sea Yacht Show at Jeddah Yacht Club in late 2027. The initiative is intended to attract international yacht owners and expand Saudi Arabia's position in the luxury maritime tourism market.
Dubai Courts European Superyacht Owners at Monaco Yacht Show
Dubai's economic and maritime authorities have used the Monaco Yacht Show to promote the emirate as a destination for international yacht owners. The campaign forms part of Dubai's efforts to expand its luxury maritime sector and attract wealthy visitors seeking winter berthing and hospitality services.
Monaco Launches Education Programme to Help Young People Identify AI-Generated Misinformation
Monaco's government has introduced a national initiative called Youth Facing Disinformation to teach younger residents how to recognise manipulated digital content and artificial intelligence-generated misinformation. The programme focuses on strengthening media literacy and critical thinking.
Monaco Records Coastal Wave Nearly Nine Metres High, Raising Infrastructure Concerns
Monaco's statistical agency has reported a wave measuring nearly nine metres off the Principality's coastline. The finding has renewed attention on the resilience of coastal infrastructure and waterfront properties to extreme maritime conditions.
Explora Journeys Opens Luxury Ship Bookings for 2027 Monaco Grand Prix
Luxury cruise operator Explora Journeys has opened bookings for exclusive accommodation aboard a vessel scheduled to berth in Port Hercules during the 2027 Formula One Monaco Grand Prix. The offering targets motorsport visitors seeking premium hospitality close to the racing circuit.
Monaco Prepares to Host Thousands of Executives at 2026 BNI International Convention
The Grimaldi Forum in Monte Carlo is preparing to host the Business Network International global convention in late October. The event is expected to bring thousands of business leaders and entrepreneurs to Monaco, supporting local hotels, restaurants and conference services.
Sportel Awards Return to Monaco in October to Recognise Global Sports Media
Monaco will host the Sportel Awards in mid-October, bringing together athletes, broadcasters and sports industry executives to recognise achievements in sports television, media rights and digital content.
French Riviera Charity Event Raises Record €15,000 for Monaco's Princess Grace Hospital
The fifth Les Marinières en Rose charity event in Villefranche-sur-Mer attracted 800 participants and raised a record €15,000 for medical services at Monaco's Princess Grace Hospital Centre, strengthening community support for the Principality's healthcare facilities.
Monaco Court Spares Ferrari Driver Further Prison Time After 190 km/h Tunnel Crash
A motorist involved in a Ferrari crash at speeds approaching 190 kilometres per hour inside Monaco's Louis II tunnel has avoided returning to prison following a court ruling. The case has drawn attention to road safety and traffic enforcement in the Principality.
Monaco Friends of Israel Holds October 7 Anniversary Commemoration
Diplomatic representatives, community leaders and international residents gathered in Monaco for an anniversary event organised by Monaco Friends of Israel to commemorate the October 7 attacks. The gathering brought together members of the Principality's international community.
Monaco National Council Suspends Budget Debate Amid Housing and Employment Dispute
Monaco's elected National Council has suspended budget discussions following disagreements with the government over the pace of public housing construction and employment priorities for Monegasque citizens. The dispute has intensified tensions between the Principality's legislative and executive authorities.
Monaco Defends Record €6 Million Anti-Money Laundering Fine Against UBS
Monaco's financial authorities have defended a €6 million penalty imposed on the local branch of Swiss banking group UBS, rejecting criticism from the financial industry. The record fine reflects the Principality's efforts to strengthen enforcement of international anti-money laundering requirements.
Prime Suspect in Monaco Bombing of Ukrainian Businessman Found Dead Near Kyiv
Ukrainian authorities have confirmed that the main female suspect in the bombing of Ukrainian property magnate Vadym Yermolaiev in Monaco has been found shot dead near Kyiv. The suspect was accused of planting an explosive device that seriously injured the businessman earlier this year.
British Billionaire David Reuben Relocates to Monaco Amid UK Tax Changes
British property billionaire David Reuben, 88, has moved from London to Monaco as wealthy UK residents reassess their tax arrangements ahead of planned reforms. The Reuben family's fortune is estimated at £28 billion, while Monaco offers residents a generally income-tax-free environment.
Monaco's Société des Bains de Mer Reports Record Revenue Exceeding €861 Million
Luxury hotel and casino operator Monte-Carlo Société des Bains de Mer has reported annual revenue above €861 million, supported by strong international demand for its hotels, gaming establishments and restaurants. The performance highlights continued growth in Monaco's high-end hospitality sector.
Prince Albert II and Italian President Mattarella Discuss Aviation Treaty and Cross-Border Healthcare
Monaco's Prince Albert II has hosted Italian President Sergio Mattarella for a state visit focused on bilateral cooperation. Discussions included updating a 37-year-old aviation agreement and improving access to Monegasque hospitals for residents of Italy's neighbouring Liguria region.
Monaco Establishes Permanent Digital Agency to Expand AI Use and Cybersecurity
Monaco's government has replaced its temporary technology office with a permanent Digital Delegation tasked with expanding artificial intelligence in public administration, strengthening cybersecurity and improving data sharing across government services.
Prince Albert II Visits European Court of Human Rights During Monaco's Council of Europe Presidency
Prince Albert II has visited the European Court of Human Rights in Strasbourg alongside senior Monegasque judicial officials. The visit comes as Monaco holds the rotating presidency of the Council of Europe's Committee of Ministers, highlighting the Principality's role in European diplomatic and legal cooperation.
Monaco Yacht Show Draws 30,000 Visitors and Showcases €2 Billion Superyacht Fleet
The 35th Monaco Yacht Show has concluded at Port Hercules after attracting approximately 30,000 visitors and presenting a brokerage fleet valued at more than €2 billion. The event remains a major meeting point for international yacht buyers, shipbuilders and luxury maritime businesses.
Saudi Arabia Announces Inaugural Red Sea Yacht Show for 2027 at Monaco Event
Saudi development groups Tahaluf and Sela have signed an agreement at the Monaco Yacht Show to launch the first Red Sea Yacht Show at Jeddah Yacht Club in late 2027. The initiative is intended to attract international yacht owners and expand Saudi Arabia's position in the luxury maritime tourism market.
Dubai Courts European Superyacht Owners at Monaco Yacht Show
Dubai's economic and maritime authorities have used the Monaco Yacht Show to promote the emirate as a destination for international yacht owners. The campaign forms part of Dubai's efforts to expand its luxury maritime sector and attract wealthy visitors seeking winter berthing and hospitality services.
Monaco Launches Education Programme to Help Young People Identify AI-Generated Misinformation
Monaco's government has introduced a national initiative called Youth Facing Disinformation to teach younger residents how to recognise manipulated digital content and artificial intelligence-generated misinformation. The programme focuses on strengthening media literacy and critical thinking.
Monaco Records Coastal Wave Nearly Nine Metres High, Raising Infrastructure Concerns
Monaco's statistical agency has reported a wave measuring nearly nine metres off the Principality's coastline. The finding has renewed attention on the resilience of coastal infrastructure and waterfront properties to extreme maritime conditions.
Explora Journeys Opens Luxury Ship Bookings for 2027 Monaco Grand Prix
Luxury cruise operator Explora Journeys has opened bookings for exclusive accommodation aboard a vessel scheduled to berth in Port Hercules during the 2027 Formula One Monaco Grand Prix. The offering targets motorsport visitors seeking premium hospitality close to the racing circuit.
Monaco Prepares to Host Thousands of Executives at 2026 BNI International Convention
The Grimaldi Forum in Monte Carlo is preparing to host the Business Network International global convention in late October. The event is expected to bring thousands of business leaders and entrepreneurs to Monaco, supporting local hotels, restaurants and conference services.
Sportel Awards Return to Monaco in October to Recognise Global Sports Media
Monaco will host the Sportel Awards in mid-October, bringing together athletes, broadcasters and sports industry executives to recognise achievements in sports television, media rights and digital content.
French Riviera Charity Event Raises Record €15,000 for Monaco's Princess Grace Hospital
The fifth Les Marinières en Rose charity event in Villefranche-sur-Mer attracted 800 participants and raised a record €15,000 for medical services at Monaco's Princess Grace Hospital Centre, strengthening community support for the Principality's healthcare facilities.
Monaco Court Spares Ferrari Driver Further Prison Time After 190 km/h Tunnel Crash
A motorist involved in a Ferrari crash at speeds approaching 190 kilometres per hour inside Monaco's Louis II tunnel has avoided returning to prison following a court ruling. The case has drawn attention to road safety and traffic enforcement in the Principality.
Monaco Friends of Israel Holds October 7 Anniversary Commemoration
Diplomatic representatives, community leaders and international residents gathered in Monaco for an anniversary event organised by Monaco Friends of Israel to commemorate the October 7 attacks. The gathering brought together members of the Principality's international community.