AGP Executive Report

F1 Calendar & Ticketing Clarity: Petronas says it only holds naming rights to the Sepang International Circuit, not the track or the event organiser, adding it does not manage ticket allocation or sales for the October 2-4 Malaysian “Bahrain Grand Prix” weekend. Corporate Tax Watch: Morocco raised its statutory corporate income tax rate to 35% for 2026, one of the highest globally, per an OECD report. Gaming M&A Update (Nevada): Nevada regulators approved key steps for take-private deals involving MGM Resorts and Caesars, including licensing and capital-raising mechanics, with more details expected from MGM later. Travel Deals & Rules: Qatar Airways launched a 2X Avios promo for Privilege Club members with European account addresses (book by July 31, fly by Dec 15, 2026), while UK airlines’ summer passport rules continue to be a major planning focus. Solo Travel Risk Index: Squaremouth’s 2026 index names San Marino among the safest places for solo travellers, scoring 0.78.

Travel Rules & Border Friction: As summer departures ramp up, UK carriers including easyJet, Ryanair, Jet2 and TUI are reminding passengers to double-check passport and destination entry requirements, with extra focus on how the EU’s Entry/Exit System (EES) can add delays at some borders. F1 Calendar Shift: Formula 1’s Bahrain Grand Prix has been rescheduled to Malaysia’s Sepang circuit on Oct. 4, keeping the “Bahrain” branding while reshuffling the calendar. Corporate & Tax Watch: OECD data shows Morocco raised its statutory corporate income tax rate to 35% in 2026, placing it among the world’s highest. Gaming Deal Progress: Nevada regulators approved key steps for take-private moves involving MGM Resorts and Caesars Entertainment, advancing major ownership changes on the Las Vegas Strip. Solo Travel Risk Rankings: A new global index names Venezuela, Peru and Gabon as the riskiest solo destinations for 2026, while San Marino is listed among the safest. Aviation Loyalty Promo: Qatar Airways launched a Europe-address double Avios offer for Privilege Club members, with booking by July 31 and travel by Dec. 15, 2026.

Aviation & Travel Rules: UK airlines are warning holidaymakers to double-check passport and entry requirements for their destinations as summer travel ramps up, with easyJet guidance stressing destination-specific passport/visa checks and Ryanair/Jet2/TUI also publishing updated rules amid the rollout of Europe’s Entry/Exit System (EES). F1 Calendar Update: Formula 1’s Bahrain Grand Prix has been rescheduled to Malaysia’s Sepang circuit on Oct. 4, keeping Bahrain branding while returning the race to a major venue after earlier cancellations tied to regional conflict. Gaming M&A Watch: Nevada regulators have approved key steps for take-private moves involving MGM Resorts and Caesars Entertainment, including licensing and capital-raising mechanics, though deal details remain thin and further filings are expected. Corporate Tax: Morocco raised its statutory corporate income tax rate to 35% for 2026, placing it among the highest in the OECD’s latest corporate tax statistics. Solo Travel Risk: A new global index flags Venezuela, Peru and Gabon as the riskiest solo-travel destinations for 2026, while San Marino tops the safest list. Sports & Talent: San Marino’s Olympic wrestling medalist Myles Amine has been named assistant coach at Stanford wrestling, bringing international experience back to the San Marino talent pipeline.

M&A Watch (Nevada): Nevada regulators have approved key steps for take-private deals involving MGM Resorts and Caesars Entertainment, clearing licensing and capital-raising mechanics while leaving major deal details still thin as both sides stay quiet. Corporate Tax (OECD): Morocco raised its statutory corporate income tax rate to 35% for 2026, placing it among the world’s highest—alongside San Marino—per an OECD report. Travel Rules (Europe): New biometric entry-exit system (EES) rollout is causing long border queues for some Schengen travelers, while several non-Schengen European destinations avoid EES requirements. Solo Travel Risk: A new index flags Venezuela, Peru and Gabon as the riskiest solo destinations for 2026, while San Marino, Andorra and Singapore top the safety list. Aviation/Wealth: Private aviation demand and market value are rising, with fuel-supply disruptions noted as a stress test for the sector. Sports/Business (San Marino): Olympic bronze medalist Myles Amine has been named assistant coach for Stanford wrestling, highlighting San Marino’s growing presence in international sport.

Nevada Corporate Moves: The Nevada Gaming Commission has approved key regulatory steps for take-private deals involving MGM Resorts and Caesars Entertainment, clearing licensing and capital-raising mechanics while leaving major deal details still scarce. Deal Uncertainty: For MGM, further information is expected at the company’s Q2 earnings call; for Caesars, the path to closing next spring still depends on shareholder approval and U.S. antitrust reviews. Tax Watch: Morocco raised its statutory corporate income tax rate to 35% for 2026, placing it among the world’s highest—OECD data also flags San Marino as one of the few jurisdictions that increased rates this year. Travel & Border Costs: Europe’s new Entry/Exit System is causing long queues at some borders, and airlines are also publishing updated passport rules for summer travel. Solo Travel Risk: A new index names Venezuela, Peru and Gabon as the riskiest solo destinations for 2026, while San Marino tops the safest list.

Travel Rules & Borders: easyJet, Ryanair, Jet2 and TUI passengers are being reminded to double-check passport and entry requirements for this summer, with the EU’s Entry/Exit System (EES) adding extra document steps at some border points. M&A & Gaming Finance: Nevada regulators have approved key steps for take-private moves involving MGM Resorts and Caesars Entertainment, clearing licensing and capital-raising mechanics while deal details remain thin. Corporate Tax Watch: Morocco lifted its statutory corporate income tax rate to 35% for 2026, placing it among the highest globally per OECD data. Solo Travel Risk: a new global index flags Venezuela, Peru and Gabon as the riskiest solo destinations for 2026, while San Marino, Andorra and Singapore rank safest. Sports Governance: FIFA’s nonprofit status is explained after a record $9 billion World Cup revenue run, with Swiss non-commercial association rules cited. Local Economy Angle: a travel piece spotlights San Marino’s euro coin scarcity and the “coin hunt” idea as a window into everyday spending and tourism behavior.

Housing affordability watch: A new global map using UN Habitat data shows home price-to-income ratios vary wildly, from 3.0 in the most affordable markets to 86.7 in the least. The U.S. sits at 4.5 (7th-lowest), and the key takeaway is that affordability hinges on how local incomes track prices—not national wealth alone. Corporate tax signal: OECD data says Morocco lifted its statutory corporate income tax to 35% in 2026, placing it among the world’s highest-rate jurisdictions (with San Marino also cited among the few that increased rates this year). Travel risk & mobility: Squaremouth’s solo-travel risk index names Venezuela, Peru and Gabon as the riskiest for 2026, while San Marino tops the safest list. Separately, Europe’s new EES biometric border system is still causing long queues in some places, while several non-Schengen countries avoid EES requirements. San Marino in the spotlight: A coin-hunt feature highlights San Marino’s euro coin scarcity in everyday circulation, tying local consumer life to the country’s unique euro arrangement. Sports business angle (global): Nevada regulators approved key steps for take-private deals involving MGM Resorts and Caesars, setting up major ownership and capital moves in Las Vegas.

San Marino Spotlight: A coin-hunt feature turns everyday change into a business-and-culture quest, noting San Marino’s euro-coin scarcity and its non-EU euro deal as readers chase rare coins in circulation. Corporate Tax Watch: Morocco lifted its statutory corporate income tax to 35% in 2026, among the world’s highest, with OECD data also listing San Marino as one of the few jurisdictions that raised the rate this year. Travel & Mobility: A solo-travel risk index names Venezuela, Peru and Gabon as the riskiest destinations for 2026, while San Marino, Andorra and Singapore top the safest list—useful for tourism planning and insurance demand. Sports Governance: FIFA’s nonprofit status is explained after a record $9 billion World Cup revenue run, raising questions about how funds are handled under Swiss non-commercial association rules. Local Talent & Economy: Stanford wrestling hired Myles Amine, the San Marino Olympic medalist, highlighting how international sports careers can feed back into national branding and networks. Global Policy: The U.S. State Department announced a ban on “far-left” travelers, adding uncertainty for cross-border movement and related travel spending.

Corporate Tax Watch: Morocco lifted its statutory corporate income tax rate to 35% in 2026, putting it among the world’s highest—alongside San Marino, South Korea and Lithuania—per an OECD report, with the increase noted as a standard rate rather than a temporary surcharge. Travel & Risk: A new solo-travel risk index by Squaremouth ranked San Marino among the safest destinations for 2026 (score 0.78), while Venezuela, Peru and Gabon topped the riskiest list, citing factors like medical access and perceived safety. San Marino in the Euro Spotlight: A travel-style feature highlights hunting for rare San Marino euro coins in circulation, noting the microstate’s euro use under a monetary agreement despite not being an EU member. Sports & Economy Angle: Stanford wrestling named San Marino’s Myles Amine as an assistant coach, spotlighting the country’s growing international sports footprint. EU Border Friction: Coverage of Europe’s new EES biometric entry system flags longer border queues in some countries, affecting how smoothly summer travel plans can run.

Corporate Tax Watch: Morocco lifted its statutory corporate income tax to 35% in 2026, placing it among the world’s highest rates; the OECD says only a few jurisdictions, including San Marino, also raised their statutory rates this year. EU Integration: The EU Council approved an association agreement with Andorra and San Marino, aiming for closer ties and participation in an expanded internal market, with financial services access to be gradual after regulatory and supervisory assessments. Travel & Risk: A solo-travel risk index ranked San Marino among the safest destinations for 2026, while Venezuela, Peru and Gabon topped the riskiest list—useful context for tourism planning and insurance demand. Tourism Pipeline: Serbia’s tourism minister met San Marino’s EXPO 2027 commissioner to discuss potential participation, with Serbia highlighting its new EXPO city and the event’s confirmed international turnout. Local Economy & Skills: San Marino Unified School District in California reported record performance, renewed accreditation and strong post-graduate outcomes, alongside a focus on fiscal health and community success.

EU Deal for San Marino: The EU Council has greenlit the association agreement with Andorra and San Marino, paving the way for closer ties and provisional application. The deal targets participation in an enlarged internal market under “level playing field” rules and sets a gradual route for financial services access, contingent on assessments of each country’s regulatory and supervisory frameworks. It also builds cooperation on research, education, social policy, the environment, consumer protection, culture, and regional projects. Tourism & Business Outlook: San Marino’s potential EXPO 2027 participation moved forward after talks in Belgrade between Serbia’s finance and trade officials and San Marino’s tourism minister Federico Pedini Amati, with Serbia highlighting its new EXPO city and the scale of confirmed participation. Travel Risk Snapshot: A global solo-travel risk index ranked San Marino among the safest destinations for 2026 (score 0.78), citing strong perceived safety and near-universal resident confidence. Sports & Talent: Olympic bronze medalist Myles Amine, who competed for San Marino, was named assistant coach for Stanford wrestling—an international talent win with potential spillovers for coaching and networks.

EU Integration: The EU Council has authorized the signing and provisional application of a comprehensive association agreement with Andorra and San Marino, aiming to deepen ties and bring both into an enlarged internal market on a level playing field, including a gradual pathway for financial services access tied to regulatory and supervisory assessments. Tourism & Trade: San Marino’s tourism leadership met Serbia’s finance and trade officials in Belgrade to discuss potential participation in EXPO 2027, with Serbia highlighting its new EXPO city and the scale of confirmed participation. Sports & Economy: FIFA’s 2026 World Cup revenue hit a record $9 billion, while FIFA continues to operate as a Swiss non-commercial association—raising fresh questions about how a “nonprofit” can generate and retain such large sums. San Marino Spotlight: A local “coin hunt” story highlights how San Marino euro coins circulate in limited supply, reinforcing the microstate’s niche appeal for visitors and collectors. People & Talent: Olympic bronze medalist Myles Amine, who competed for San Marino, was appointed assistant coach for Stanford wrestling—an international talent win with a direct San Marino link.

EU–San Marino Deal: The EU Council has greenlit the association agreement with Andorra and San Marino, including participation in an enlarged internal market and a gradual, assessment-based path for financial services access, plus cooperation on research, education, social policy, environment, consumer protection, culture and regional ties. EXPO 2027 Push: San Marino tourism officials met Serbia’s finance and trade leadership in Belgrade to discuss a potential EXPO 2027 role, with Serbia highlighting its new EXPO city and 142 confirmed participants. IMF/World Bank Roundtable: San Marino’s finance leadership joined the IMF–World Bank constituency meeting in Lisbon, with discussions ranging from AI adoption at multilateral institutions to employment impacts. San Marino Economy & Finance Angle: A week of coverage also touched on euro-using microstates and cross-border travel frictions in Europe, underscoring how mobility rules and market access can affect small economies. Sports & Business Signal: San Marino’s La Fiorita was referenced in Luxembourg’s UEFA tie, while FIFA’s nonprofit status and revenue debate kept global sports finance in focus.

EU Integration Watch: The EU Council has authorised the signing and provisional application of a comprehensive association agreement with Andorra and San Marino, aiming for closer ties and participation in an enlarged internal market on equal rules, with financial services access to be gradual after regulatory and supervisory assessments. EXPO 2027 Diplomacy: San Marino’s tourism leadership met Serbia’s finance and trade officials in Belgrade to discuss a potential EXPO 2027 participation, with Serbia highlighting its new EXPO city and the scale of confirmed country participation. San Marino Spotlight (Culture/Local Economy): A travel piece highlights the hunt for rare San Marino euro coins in circulation, underscoring how small-scale collectibles and everyday spending can drive tourism interest in microstates. Global Business Context: FIFA explained how it operates as a Swiss non-commercial association despite record $9bn World Cup revenue, while a separate analysis frames private aviation as a “wealth barometer” tied to confidence and market conditions. Sports & Talent: Stanford named Myles Amine, a San Marino Olympic medalist, as an assistant wrestling coach—another signal of the country’s athletes feeding international careers.

EU Deal for Micro-States: The EU Council has approved and greenlit the signing and provisional application of a comprehensive association agreement with Andorra and San Marino, aiming to deepen ties and expand participation in the EU’s internal market on a level playing field, with progressive access for financial services tied to regulatory “soundness” assessments. EXPO 2027 Talks: San Marino’s tourism leadership met Serbia’s finance and trade officials in Belgrade to discuss potential participation in EXPO 2027, with Serbia highlighting its new EXPO city and 142 confirmed participants. San Marino Currency Curiosity: A travel-style piece spotlights the hunt for rare San Marino euro coins in everyday circulation, underlining how the micro-state’s euro use (via monetary agreement) still creates scarcity and collector appeal. Education & Fiscal Focus: San Marino Unified School District in the US reported a strong year across safety and wellness, fiscal health, and community/post-graduate success, including top statewide ranking and accreditation renewal. Private Aviation Demand: A global market read-through links private aviation growth to wealth confidence, noting demand and values rising even as fuel-supply disruptions have stressed operations.

EU Deal for San Marino: The EU Council has authorised the signing and provisional application of a comprehensive association agreement with Andorra and San Marino, aiming for closer ties and deeper participation in an enlarged internal market on a level playing field, with progressive access for financial services tied to assessments of regulatory soundness. EXPO 2027 Talks: Serbia’s EXPO 2027 commissioner and tourism officials met San Marino’s Federico Pedini Amati in Belgrade to discuss a potential San Marino participation, with Serbia highlighting its new EXPO city and confirmed international interest. San Marino in European Football: La Fiorita’s European run is in focus after Luxembourg’s UNA Strassen advanced in a tie involving San Marino’s club, underscoring how small-nation teams can still draw attention (and stakes) in UEFA competitions. San Marino Euro Coin Hunt: A travel-style piece spotlights the practical side of collecting San Marino euro coins in circulation, tying everyday spending to a rare souvenir experience. IMF-WBG Central Banking Roundtable: San Marino’s finance and central banking representatives joined an IMF-World Bank constituency meeting in Lisbon, where topics included AI adoption and employment impacts.