Until 2009, Rashid served as Iraq's diplomatic delegate to the World Trade Organization (WTO) in Geneva, where he represented Iraq's interests in international trade discussions. After his diplomatic career, Rashid focused on business within multiple industries, including technology, finance, and infrastructure.[5]
In 2012, he helped establish Crowd2Fund, a fintech platform based in the UK, regulated by the Financial Conduct Authority (FCA).[5]
In 2020, Rashid became CEO of iQ Group, an Iraqi technology company founded in 2005. Under his leadership, iQ Group expanded its core services from fibre-optic internet provision to broader technological projects, focusing on digital innovation and infrastructure development.[6][7] In April 2025, he appeared on Bloomberg News, where he explained the iQ Group's new "Silk Route" fibre-optic cable route, which he described as the first major Iraqi infrastructure project not connected with natural resources.[8]