Background
Ghassan El-Rıfai was born in Homs in 1942.
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Ghassan al-Rifai
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He also holds a PhD in business management and finance, which he received from Sussex College of Technology.
Career
He received a bachelor's degree in business administration from Cairo University. He obtained a master's degree from American University of Cairo. Ghassan El-Rifai joined the World Bank in 1972 through the Young Professionals Program.
In 1973, he moved to the Country Programs Department of the Europe, Middle East and North Africa Region. He remained in that region until December 1998. During this period, he held several senior managerial positions overseeing strategy formulation, operations, technical assistance, and investment promotion.
He was also seconded in 1977 to the Abu Dhabi Fund for Arab Economic Development for a period of four months as Senior Adviser to assist in its reorganization and to provide policy advice to the UAE Government. In December 1988, Ghassan El-Rifai was promoted to Vice President, Policy and Advisory Services of the Multilateral Investment Guarantee Agency (MIGA), an affiliate of the World Bank, where he was instrumental in the formation and further development of this agency. In June 1993, he was appointed Director, Resource Mobilization and Private Sector Development for the Europe and Central Asia Region in the World Bank, overseeing and promoting a large number of investment projects in several countries in Europe and Central Asia.
In July 1997, he was appointed Principal Adviser, Sector Policies and Products for the Middle East and North Africa Region and most recently, Principal Adviser for Regional Strategy and Sectoral Policies. Then he was appointed Minister of Economy and Foreign Trade in December 2001 in a cabinet reshuffle, replacing Mohammed Al Imadi. The cabinet was headed by then prime minister Mohammed Mustafa Mero.
In September 2003, Mero was replaced by Mohammed Naji Al Otari, but El-Rıfai continued to serve in his post. Furthermore, his portfolio was expanded to include domestic trade and supply. El-Rıfai's term lasted until October 2004.
