Accounting platform for entrepreneurs launched in KSA

Abdullah Al-Dayel, founder and CEO of Qoyod.
Updated 09 June 2017
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Accounting platform for entrepreneurs launched in KSA

RIYADH: An accounting platform for entrepreneurs and small-business owners in the Arab world has been launched through an initiative of King Abdulaziz City for Science and Technology (KACST).
The platform, part of KACST’s Badir Technology Incubator Program, is aimed at startup businesses and small and medium enterprises. It is designed to help boost productivity and competition by giving businesses insights and reducing their operational costs.
Dubbed “Qoyod,” the platform helps business owners manage customers and suppliers, issue invoices and purchase orders, and help with stock management and point-of-sale service.
“The new platform is available in both Arabic and English language, and provides entrepreneurs with the latest tools in the fintech industry. Ensuring they have the right set of tools enables them to manage their business financially using cutting-edge technologies, in a modern yet easy-to-use and simplified manner,” said Abdullah Al-Dayel, founder and CEO of Qoyod.
He added that business owners can subscribe to different packages on a monthly or annual basis.
“One of the features of the platform is that the users do not need to install it on their own devices, since they can access the platform through the computer or smartphones using their username and password,” Al-Dayel said.
He said the idea for Qoyod came about because the existing accounting software is perceived to be difficult, while it is hard to validate the experience of recruited accountants.
Qoyod offers three bundles of services to entrepreneurs, starting with the free package aimed at startup businesses, which allows entrepreneurs to create up to 100 sale invoices with a single user.
Its second bundle of services includes an unlimited number of users issuing an unlimited number of invoices. The third bundle is aimed at startup businesses with showrooms or outlets, and includes a point-of-sale application available through either mobile application or PC, so all transactions can be synchronized immediately.
Qoyod was one of the main projects to be discussed last week at an investment gathering organized by KACST and represented by Badir, which aims to help entrepreneurs in the Kingdom find funding for projects.


Saudi border guards rescue French passenger from Red Sea cruise ship

Updated 19 April 2019
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Saudi border guards rescue French passenger from Red Sea cruise ship

JEDDAH: Saudi border guards rescued a French female tourist on Friday after she broke her leg on board a cruise ship in the Red Sea.
The 85-year-old was aboard the Costa Luminosa off the coast of south-west Saudi Arabia when the Maritime Rescue Coordination Center in Jeddah received an emergency call from the King Abdulaziz International Airport’s search and rescue center, saying the women needed emergency medical attention.The details of the message was passed to the Saudi Arabia Border Guards.
The border guard’s vessel Al-Lith was sent to meet the cruise ship near Al-Qahma, in the Kingdom’s south-western Asir region.
Lt Col. Misfer Bin Ghanam Al-Qarni, border guards spokesman, said the patient was transferred to Jazan, where she was then taken to Prince Mohammed Bin Nasser Hospital by ambulance.
The Costa Luminosa, which was traveling from Salalah in Oman toward Aqaba in Jordan, continued on its voyage.