Germany has suspended free movement at its borders for three weeks starting on Monday to avert threats to this month’s G7 summit.
Police have powers to stop passengers at Germany’s nine land borders as Schengen free travel rules are temporarily stopped.
The aim is to “prevent the arrival of potential violent criminals” as some of the world’s most powerful people travel to Germany, the interior ministry said.
About 18,000 police will be deployed to protect leaders including US President Joe Biden and French President Emmanuel Macron when they assemble at a castle in the Bavarian Alps from June 26-28. Police have set up camp in what was the skiing venue for the 1936 Winter Olympics in Garmisch-Partenkirchen.
Protests are expected during the three-day gathering, and Bavarian police say security services are monitoring “attempts to mobilise” by left and right-wing extremists.
There were minor clashes between police and protesters when the same venue, Schloss Elmau, hosted leaders including Angela Merkel and Barack Obama during Germany’s last turn at the G7 presidency in 2015.
Two years later there was more serious street violence at a G20 summit in Hamburg, where German Chancellor Olaf Scholz was mayor at the time and was criticised over the chaos.
Climate activists and left-wing groups have called a mass demonstration in Munich, the nearest major city to Schloss Elmau, the day before this year’s summit begins and are hoping for tens of thousands to take part.
Border checks will only take place at certain times and locations but passengers should expect disruption to cross-border traffic, the interior ministry said.
Thomas Haldenwang, the head of Germany’s domestic intelligence service, said last week that his agency was working with colleagues in other countries to avert threats to the G7.
Schengen rules allow countries to temporarily bring in border checks if there is a “serious threat to public policy or internal security”.
This was invoked by members of the European Union during the coronavirus pandemic, but also due to other threats such as terrorism and organised crime.
EU law says the checks should be a last resort and kept to a “bare minimum”. Germany’s special rules will last until July 3.
Wonka
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%C2%A0Paul%20King%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3ETimothee%20Chalamet%2C%20Olivia%20Colman%2C%20Hugh%20Grant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
NBA Finals results
Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)
Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family