Rachid Mohamed Rachid

Who is Rachid Mohamed Rachid?

Rachid Mohamed Rachid or Rasheed Mohamed Rasheed became Egypt's Minister of Foreign Trade and Industry in July 2004. Two years later, the ministry was expanded to include domestic trade within Egypt and was renamed the Ministry of Trade and Industry. He has been described as the first businessman ever to hold a cabinet position in Egypt and as a reformer. On February 1, 2011, during the 2011 Egyptian revolution, Rachid fled Egypt for Dubai. Following the downfall of the Mubarak regime, Rachid was tried in absentia, and found guilty of embezzlement and squandering public funds. He was sentenced to five years in prison.