In January 2008 Sheikh Rashid was appointed President of the UAE Olympic Committee. However in 2010 he resigned from his position on account of his overloaded work schedule.
Sheikh Rashid was a principal partner or owner in the following listed companies:
- Noor Investment Group, Principal Partner
- Noor Islamic Bank, Principal Partner
- United Holdings Group Dubai, Owner
- Zabeel Racing International, Owner
- Dubai Holding Company, Principal Partner