Prince Albert pushes for ocean funding at Davos

Prince Albert II is at the World Economic Forum in Davos, rallying the world’s leaders behind a movement to direct much more money towards mitigating the harm that is being done to the world’s oceans and biodiversity.

It would hardly be surprising that Prince Albert is championing his favourite causes at the world summit current taking place in Davos, Switzerland.

He hit the ground running this week, attending a series of events dedicated to the conservation of polar regions, the role of philanthropy and finance in stopping climactic catastrophe, climate change and ocean issues.

The Prince opened a talk called ‘Unpacking the Polar Crisis’, where he put a fine point on the importance of protecting the Arctic and Antarctic, saying “Because although the Polar regions concern us all, above all they are dependent on the action of all of us – these regions in which the key challenges and key solutions in regard to our planet’s health are concentrated.”

Furthermore, he called for action from governments, NGOs scientists and businesses to enlist the help of indigenous people in these areas to make effective and lasting change.

At the ‘Finance and Pension Funds for Ocean Health’ session, Monaco’s Sovereign spoke passionately about ocean preservation and how interlinked the health of the seas is to climate and biodiversity. He went on to say that political, financial and scientific resources and funds are woefully short of what is needed to mitigate the situation facing the oceans.

“They all chart a path which I believe is vital: a path to promote ocean action which is not limited to initiatives with unrecoverable funds, but one which creates a new logic for a blue economy, in which nature is no longer a secondary datum, even a negative externality, but the source of new growth,” he declared.

Only 2% of capital raised by charitable institutions and causes is directed toward climate-related issues.

On Thursday 19th January, the Prince Albert II Foundation and Crescent Enterprises co-hosted a high-level event on Climate and Nature Positive Philanthropy in the presence of Prince Albert. The meeting was a prelude to the launch of the Global Philanthropy Alliance for Climate and Nature at COP 28 at the end of this year in Dubai.

The alliance will aim to forge a coordinated approach to foster effective solutions for long-term impact and create awareness and drive catalytic capital to unlock private finance and multilateral commitments to tackling climate change.

“We are here to act! To try to put an end to this strange situation which means that only a tiny fraction of philanthropic resources are allocated to an issue which undoubtedly has the most consequences for the future of Humanity: the preservation of the environment,” said Monaco’s Head of State. “Let us act, by persuading philanthropists to redirect and increase their contributions, by creating financial and evaluation tools on the ground that will allow us to make these resources fully effective, by mobilizing our contemporaries, businesses and institutions, and by encouraging multilateral institutions to be more ambitious.”

Philanthropic foundations have seen their funding triple over the past five years, from $900 million to $3 billion per year, but still, the amounts fall short of what’s needed. It is estimated that only 2% of capital raised by charitable institutions and causes is directed toward climate-related issues.

Again, the Prince called for action, asking the new alliance to step up their game by mobilising resources to protect the climate, the ocean and biodiversity, promoting solutions with a long-term impact, raising public awareness and raising capital to unlock private finance and multilateral commitments to fight climate change. The price tag for this, he says, is about US$100 trillion to put things right by 2050.

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Windsor to Kardashian: Kim buys Attallah Cross, a former favourite of Princess Diana

A 1920s jewelled cross worn on several occasions by Princess Diana was sold on Wednesday to US media personality Kim Kardashian, who beat three other bidders in a down-to-the-wire Sotheby’s auction.    

The Attallah Cross, designed by jeweller Garrard and famously worn by Princess Diana to a charity gala in 1987, has been acquired by the 42-year-old Kardashian for £163,800 (roughly €186,550) at an auction that took place on 18th January at Sotheby’s London. It went for over twice the pre-auction estimate.   

The late businessman and former CEO of Asprey & Garrard, Niam Attallah, bought the cross from Garrard in the 1980s. His close relationship with Princess Diana saw her borrow the unique piece, which features square-cut amethysts and circular diamonds equalling 5.25 carats, on several occasions.    

“This is a bold piece of jewellery by its size, colour and style, which cannot fail to make a vibrant statement, whether it be of faith or fashion – or indeed both,” said Kristian Spofforth, Head of Jewellery at Sotheby’s London. “We are delighted that this piece has found a new lease of life within the hands of another globally famous name.”  

Ahead of its sale, Spofforth said, “Jewellery owned or worn by the late Princess Diana very rarely comes on to the market, especially a piece such as the Attallah Cross, which is so colourful, bold and distinctive. To some extent, this unusual pendant is symbolic of the princess’s growing self-assurance in her sartorial and jewellery choices, at that particular moment in her life.”  

According to the auction house, the cross was only ever worn by Princess Diana, and following her death in 1997, it wasn’t seen again in public until now. 

Kardashian, never a wilting violet, has recently shown much interest in items previously worn or owned by famous people. In May 2022, she attended the Met Gala in the gown Marilyn Monroe wore to sing Happy Birthday to President John F Kennedy in 1962. 


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Photo courtesy of Sotheby’s

Hundreds come together for MEB members meeting

It was in the new Fairmont Monte-Carlo Grand Salon where 300 decision-makers and personalities gathered on Wednesday evening for the 43rd Members Meeting of the Monaco Economic Board.

After a word of welcome and good wishes from President Michel Dotta, Executive Director General Guillaume Rose and deputy Justin Highman rolled out the agenda of the Monaco Economic Board (MEB) for the coming months, revealing a very rich and varied programme.

The leaders also announced several new features including the organisation of economic conferences in English, and small group meetings with foreign ambassadors during their presentation of credentials at the Prince’s Palace.

The Meeting of Members was an opportunity to details the new digital tools dedicated to companies offered by the Prince’s government: Stephan Bruno, the Director of Economic Expansion presented the new digital Directory of Trade and Industry (RCI), and Julien Dejanovic, Director of digital services, spoke about the electronic signature in particular.

A busy year ahead

In an effort to help managers in their decision-making, the MEB will offer conferences on various topics: expanding the skills of the Customs Office in Monaco in collaboration with local professionals (WES and Monaco Logistique) on 2nd February, new technologies real estate with Extended Monaco on 9th March, macroeconomics with Coface chief economist Jean-Christophe Caffet on 14th March, economic forecasting with forecaster Christophe Barraud on 16th May, and a presentation of Monaco in Figures for 2023 by the Director of IMSEE Alexandre Bubbio on 22nd June.

Two other meetings are planned to learn more about the opportunities offered by Sweden, 7th March, and Morocco, 18th April.

Further international meetings are planned with the reception of an Austrian delegation on 6th March and two economic missions to Djibouti from 6th to 10th February, and to Miami from 8th to 12th May. Later in the year, Amsterdam is already confirmed at the beginning of October.

As part of its Invest Monaco mission, the MEB will also participate in operations to promote the Monegasque economy in targeted locations such as Geneva or Brussels. Finally, the association’s next general meeting will be held on 30th March 30 and will be followed by the 44th Meeting of Members at the Yacht Club de Monaco. All of these actions are organised in collaboration with the many partners of the MEB, public or private, locally and internationally.

Following the speeches, members were invited to catch-up and network over a cocktail in the new Grand Salon of the Fairmont.

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Photo credit: MEB / Carte Blanche

World’s Best hotels right here in Monaco

Two of Monaco’s finest luxury establishments have made it onto the shortlist for the Travel + Leisure’s World Best awards in 2023, but which are they? 

Hôtel de Paris Monte-Carlo 

It’ll come as no surprise that the iconic Hôtel de Paris Monte-Carlo has earnt a spot on the shortlist. This legendary five-star hotel offers a Monaco experience like no other thanks to its prominent position on the famous Place du Casino and its two highly acclaimed Michelin-starred restaurants – Le Louis XV – Alain Ducasse and Le Grill – as well as its historic Le Bar Américain and the beautiful Jewellers’ Courtyard. The crème de la crème of comfort and sophistication come in the form of two matching suites, the Prince Rainier III and the Princess Grace.  

Hôtel Hermitage Monte-Carlo 

The second address to make it onto the list is the Hôtel Hermitage Monte-Carlo, often described as the most elegant hotel in Monaco thanks to its stunning Belle Epoque charm. It is a jewel in the crown of the Monte-Carlo Société des Bains de Mer portfolio with its Michelin-starred restaurant, Pavyllon Monte-Carlo by incredible chef Yannick Alléno, and inspirational Thermes Marins Monte-Carlo spa. This is a place for romance and privacy.  

You can get behind these Monaco landmarks by adding your voice to the Travel + Leisure World’s Best Awards by voting online. There is an incredible prizes up for grabs for some participants, although they are unfortunately only available to those resident in the US. Voting closes on 27th February and the winners will be revealed in the summer! 


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Photo by Monaco Life

Monaco’s Malizia Sea-Explorer begins six-month long Ocean Race

An epic six-month race around the world began in Alicante on Sunday, with Monaco Yacht Club member Boris Herrmann representing the Principality in the Ocean Race. 

Sunday’s departure from the Spanish city is the beginning of an around-the-world adventure, which will see the Monégasque team sail around the western coast of Africa, before heading around to the east coast of South America. From there, the flotilla will head north to Newport before heading across the Atlantic and back to Europe before a grand finale in Geneva on 1st July.

The Malizia-Seaexplorer, manned by Herrmann, Will Harris, Rosalin Kuiper, Nicolas Lunven, Yann Eliès, Axelle Pillain and Antoine Auriol are currently making their way towards Cape Verde, just off the west coast of Africa. They are in third position, 93 nautical miles away from current leaders Holcim-PRB.

The race represents the Malizia-Seaexplorers second voyage, after the boat competed in November 2022. During that race, from France to the Carribean, the boat sustained damage, and has had to be repaired in the meantime.

Pierre Casiraghi, YCM vice-president and founder of Team Malizia has high hopes for the boat, and its crew. “I think Boris and Team Malizia will do very well in this race. He has a lot of experience sailing all over the world with many different teams and boats,” he said.

Between now and July, Herrmann and his team will cover an incredible 32,000 nautical miles. They are only the second Monégasque team to participate in the competition, and it is the first time that the Principality will be represented in the competition since 1997-98. A new chapter in Monaco’s sailing history is in the process of being written.

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Photo by Jimmy Horel / YCM

The Monaco Life Ski Report

Conditions continue to improve in the region’s ski resorts with fresh snowfall and low temperatures breathing life into a season that had thus far underwhelmed. 

Isola 2000 – There are currently 41 ski slopes and 17 ski lifts open in Isola 2000. It will be largely cloudy throughout the weekend with spells of sunshine. Temperatures are set to drop drastically compared to the previous weekend with highs of -1°C and lows of -13°C. The Col de la Lombarde road is closed until further notice. Visitors can participate in some Tibetan Yoga on Saturday 21st January.

Auron – There are currently 41 ski pistes and 19 ski lifts open at the resort. Like in many resorts across the region, snow has fallen over the course of the week, although no more is expected in Auron over the weekend, however there will also be some moderate winds potentially reaching 40km/h. Consistent with the rest of the region, temperatures are expected to be down on last week. The resort will host the first Scandinavian Hockey Cup, with matches taking place every evening from Friday 20th through until Sunday 22nd January. In terms of access, Route de la Bonette, Piste de la Moustière, Piste de Demandols and Route de la Lombarde are all closed for the winter season.

Valberg – There are 24 ski slopes and 11 ski lifts open. As it is throughout the rest of the region, it will be a largely sunny weekend with some cloudy spells, especially on Saturday. Temperatures will range from -1°C to -5°C.

Limone Piemonte – The Italian resort is reporting 10 open runs and eight ski lifts, with snow levels lighter than in its French neighbours. Conditions are expected to be overcast and whilst temperatures will drop to lows of  -7°C, it will be slightly milder than the other side of the border. A streetfood festival is taking place at the Italian resort on Saturday 21st January. Passage through the Roya valley currently isn’t possible due to the collapsed bridge at Tende. The journey from Monaco is currently approximately three hours by car, although the train line is in operation.

Gréolières-les-Neiges – This popular family resort, which lies less than an hour from the coast, is struggling with poor snowfall (around 15cm of hard snow) due to its location at a lower altitude than other south of France ski stations. Nevertheless, two lifts are up and running –Bambi and Ecurueils – and three pistes close to the village are open to skiers.

Val d’Allos – Better news is to be had over in this Alpes-de-Haute-Provence ski area. Snowfall has continued this week in the resort and low temperatures mean great conditions for skiing. The resort, which combines Allos, Seigneus and La Foux d’Allos, is running at almost complete capacity, with 23 out of its 27 lifts in operation and 56 out of 64 pistes welcoming skiers, snowboarders and the rest. On the night of Saturday 21st January, the pistes will be lit up for a DJ set and fireworks.

Chamonix – Deeper into the Alps and a five-and-a-half-hour drive to the north of Monaco, the resort of Chamonix has 102 pistes and 57 ski lifts are currently in operation. Over the weekend, there will be a music festival at the resort with tickets ranging from €20 to €45.

Note: Snow tyres or other suitable equipment must be used on the roads up to the ski resorts.


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Photo from Isola webcam