The Quran in particular treats Pharaoh as a bad guy and Moses as a Messenger of the one God, rejecting the old Egyptian gods. The blood of the Pharaohs probably runs in their veins to a large extent, but Muslim Egyptians are part of a worldwide ummah revering Moses, not the Pharaoh. Please note that a man named Moses (Musa) is running for president. The middle name of the charismatic cleric who led the Iranian Revolution was "Musawi," as was the name of an opposition leader two years ago. As for historical accuracy, I suspect that if Israelites were enslaved that meant the native Egyptians took back power from the Hyksos invaders, who in turn suffered somewhat for a while (maybe somewhat like other defunct ruling classes). Just a guess, and no offense to Muslims, Jews, and Christians whose scriptures relate versions of the Moses story.
UN envoy to Yemen says warring parties increasingly open to peace plan (Reuters)
from the article: Were Jews ever really slaves in Egypt, or is Passover a myth?