posted on November 02, 2008 12:07
DOHA BROKERAGE & FINANCIAL SERVICES LIMITED AND ECOINVEST CARBON SA SIGN MEMORANDUM OF UNDERSTANDING
Doha Brokerage & Financial Services Limited (DBFS), associate of Doha Bank has signed a Memorandum of Understanding (MoU) with Bunge Investment Management Limited (Bunge) through its affiliate company Ecoinvest Carbon SA (Ecoinvest). The MoU was signed for three pronged areas - carbon emissions risk management services, carbon emissions advisory services and carbon emission credit origination services in the Indian and Middle Eastern markets.
DBFS is a brokerage institution having a preeminent position in Middle Eastern and Indian markets and Ecoinvest is a world renowned player, having extensive experience and technical expertise in the development of projects intended to receive credits for reductions of carbon emissions of greenhouse gases.
Mr. R. Seetharaman, Chairman DBFS expressed his happiness over the agreement and said that the three fold service offerings through Ecoinvest will go a long way in development of the Middle Eastern and Indian markets, and, will definitely boost the ongoing environmental friendly initiatives currently being undertaken in these regions. He said, 'This MoU is a part of the DBFS ongoing corporate social responsibility initiatives and has positioned DBFS as a pioneer in this business segment in the Middle Eastern and Indian markets'.
Mr. Alfred, CEO of Ecoinvest said that he was happy to have DBFS, one of the leading regional players as a strategic alliance partner.