BREAKING NEWS

Former Egypt industry minister denies wrongdoing

CAIRO — Egypt's former minister of trade and industry denied any wrongdoing during his tenure and was ready to face any charges.
Speaking to Al-Arabiya news channel Tuesday, Rachid Mohammed Rachid, said he was offered a position in the new government but declined.
He said accusations that he had illegally accumulated wealth while minister were "nonsense" and part of an effort to "tarnish my reputation."
The former minister was currently in Dubai and had his assets frozen in Egypt. There was a travel ban against him.
Rachid left the private sector to join the government in 2004 and is credited with helping revitalize the country's creaking industry sector and foreign trade.
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