ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Nov 7, 2025--
ADNOC has signed a strategic partnership with Comera Financial Holdings to enhance financial access for ADNOC’s UAE-based small and medium enterprises (SMEs) and suppliers. The collaboration will launch a financing program, enabling SMEs and suppliers to access working capital more efficiently to enable them to more swiftly deliver on ADNOC purchase orders (PO).
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The initiative will boost access to liquidity while enabling scalable operations and sustainable growth for the suppliers and SMEs. The partnership reinforces ADNOC’s commitment to supporting local businesses and advancing the UAE’s economic diversification by providing practical solutions that empower SMEs to thrive and compete globally.
Khaled Al Zaabi, ADNOC Group Chief Financial Officer, said: “ADNOC’s partnership with Comera Financial Holdings provides best-in-class financing solutions that will enable our UAE suppliers and SMEs to unlock working capital by converting purchase orders into immediate funding. It will enhance liquidity, strengthen agility, and accelerate business growth. This is testament to ADNOC’s commitment to further advance a diversified economy by supporting the SME ecosystem, strengthening the resilience of our local supply chains and delivering greater-in-country value for the UAE.”
As part of the agreement, ADNOC and Comera Financial Holdings will create an intelligent, automated platform that directly connects SMEs and suppliers awarded ADNOC contracts to lender support.
Akhtar Saeed Hashmi, Managing Director & Group CEO of Comera Financial Holdings, said: “Our partnership with ADNOC marks a historic leap in the way supply chains are financed in the region. As part of Abu Dhabi’s Royal Group, Comera Money brings the strength, scale, and vision needed to deliver world-class financial innovation. By offering access to capital to the community, we are unlocking opportunities for suppliers to deliver faster, grow stronger, and innovate fearlessly. Together with ADNOC, we are building a model of empowerment that will set new benchmarks for supply chain finance, not just in the UAE but across global markets.”
The ADNOC–Comera Financial Holdings partnership supports UAE’s industrial and economic growth and ADNOC’s In-Country Value (ICV) Program, which continues to boost local manufacturing, job creation, and private-sector competitiveness.
Source:AETOSWire
ADNOC Partners with Comera Financial Holdings to Empower its UAE Suppliers and SMEs with Smart Financing Solutions (Photo: AETOSWire)
WASHINGTON (AP) — The Department of Homeland Security is pausing the purchase of new warehouses intended to house immigrants as it scrutinizes all contracts signed under former Homeland Security Secretary Kristi Noem, according to a senior Homeland Security official.
The development comes just days after the new Homeland Security Secretary, Markwayne Mullin, was sworn in last week to lead a department that was steeped in controversy during Noem's tenure but also central to President Trump's mass deportation agenda.
The official spoke on condition of anonymity because they were not authorized to speak publicly on the matter. News of the pause was first reported by NBC News.
The official also said that warehouse purchases that were already made are also being scrutinized.
When asked about reports of the pause, the Department of Homeland Security said in a statement that “as with any transition, we are reviewing agency policies and proposals.”
The Department also noted that Mullin said during his confirmation hearing that he wanted to “work with community leaders" and “be good partners.”
Mullin inherited a $38.3 billion plan to boost detention capacity to 92,000 beds by acquiring eight large-scale detention centers, capable of housing 7,000 to 10,000 detainees each, and 16 smaller regional processing centers.
The plan was hatched during Noem' s tenure but immediately ran into intense opposition around the country by residents and communities opposed to such large Immigration and Customs Enforcement facilities in their neighborhoods.
Many objected on moral grounds to ICE's presence in their neighborhoods, while others questioned whether the facilities would be a drain on local resources, such as sewer and water systems.
So far, 11 warehouses have been purchased in Arizona, Georgia, Maryland, Michigan, New Jersey, Pennsylvania, Texas and Utah, with the federal government spending a combined $1.074 billion.
But lawsuits are pending in three of the states. Meanwhile, the capacity of at least one warehouse has been scaled back. Plans initially called for a warehouse in the Phoenix suburb of Surprise to be used as a 1,500-bed processing site, but Homeland Security now plans to cap occupied beds at 542, Surprise Mayor Kevin Sarter said during a news conference on Monday.
In many cases, mayors, county commissioners, governors and members of Congress learned about ICE’s ambitions only after the agency bought or leased space for detainees, leading to shock and frustration even in areas that have backed Trump.
The warehouse plan ran into challenges from the start. Eight deals were scuttled in places like Kansas City, Missouri, when owners decided not to sell.
Pressed on the lack of information during his confirmation hearing, Mullin acknowledged there had been issues.
“We’ve got to protect the homeland and we’re going to do that,” Mullin said. “But obviously we want to work with community leaders.”
Mullin, who took over and expanded his family’s plumbing business before representing Oklahoma in the U.S House and Senate, said that “one thing I do know is construction.”
He noted that most municipalities don’t have the capacity in their infrastructure for waste and water.
“So, it’s important that we’re talking to the communities and if we’re having additional needs, we can work with the cities," he said at his confirmation hearing earlier this month.
Hollingsworth reported from Kansas City, Missouri.
FILE - The Department of Homeland Security logo during a news conference in Washington, Feb. 25, 2015. (AP Photo/Pablo Martinez Monsivais, File)
