Dubai - Doha Brokerage & Financial Services Limited (DBFS), an 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 pre-eminent 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.
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About Doha Bank
Doha Bank is the largest private commercial bank in the State of Qatar. It was incorporated in 1978 and commenced its banking business (including its International Banking services) in Doha, Qatar on March 15, 1979.
As one of Qatar's leading financial services company, Doha Bank is committed to making banking work for customers and clients like it never has before. Through innovative technologies and the ingenuity of its people, Doha Bank provides individuals and commercial, corporate and institutional clients across Qatar and even internationally, new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through an extensive network, and multiple access channels. The Dubai branch of Doha Bank was opened in 2008.
For further information, please contact:
Ms. Jumana Aman
Watermelon PR
Dubai, UAE
Tel: +971-4-2833655
Email: Jumana@watermelonme.com
© Press Release 2008
