Business News Iraq

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    Out of the billions of dollars in cash that the US shipped to Iraq during the war, "hundreds of millions if not billions of dollars...was stolen by senior Iraqi officials," the Special Inspector General for Iraq Reconstruction tells CNBC.

  • It has been called the largest airborne transfer of currency in the history of the world. But finding out what happened to all the money involved has become one of the biggest financial mysteries of all time. Beginning in the very earliest days of the war in Iraq, the New York Federal Reserve shipped billions of dollars in physical cash to Baghdad to pay for the reopening of the government and restoration of basic services. By one account, the New York Fed shipped about $40 billion in cash betwe

    Finding out what happened to all the money involved has become one of the biggest financial mysteries of all time.

  • Missing Money in Iraq

    Investigators are still trying to solve one of the greatest financial mysteries of all time. What exactly happened to the tens of billions of dollars in cash the New York Fed flew to Baghdad? CNBC's Eamon Javers reports.

  • US troops get ready to unload cash transported inside Iraq by helicopter.

    It has been called the largest airborne transfer of currency in the history of the world. But finding out what happened to the billions of dollars the New York Fed sent to Iraq has become one of the biggest financial mysteries of all time. Eamon Javers investigates.

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    Readers keep sending in questions about the outlook for the Iraqi dinar. It's cloudy. Really cloudy.

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    Readers have been asking about the outlook for the Iraqi dinar. The short answer: not good, in every sense of the word.

  • Tony Hayward, BP Group Chief Executive

    Tony Hayward, who resigned as chief executive of BP amid the fallout from the Gulf of Mexico accident last year, is set to become the head of another oil company. The New York Times reports.

  • In Cheney's Time

    CNBC's Larry Kudlow and former Vice President Dick Cheney discuss Cheney's new book, "In My Time."

  • Tawke oil field near the town of Zacho in Dohuk province about 250 miles north of Baghdad, Iraq.

    Kurdistan-focused explorer Gulf Keystone Petroleum has denied merger speculation, as interest in the oil-rich region of Northern Iraq heats up.

  • Soldiers from Task Force Currahee, 4th Brigade, 101st Airborne Division, recover bundles of fuel that were air delivered to Forward Operating Base Waza K'wah in the Paktika province of Afghanistan via a C-17 Globemaster III. The fuel was delivered to help sustain members of Task Force Currahee whose only means of re-supply is through air delivery.

    The thought of investing in Iraq may make some investors cringe, but others argue the situation is changing on the ground. Given the euro zone debt jitters, a weaker outlook for the US economy and fears of some emerging markets overheating, it may be worth a consideration.

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    The New York Fed will not tell investigators how many billions of dollars in US currency it shipped to Iraq during the early days of the US invasion there, the special inspector general for Iraq reconstruction told CNBC Tuesday.

  • President Barack Obama makes a statement on his birth certificate at the White House in Washington, DC, on April 27, 2011.

    President Obama's standing with Americans has improved after U.S. commandos killed Osama bin Laden, but only slightly.

  • Throughout the recent unrest in the Middle East, virtually no oil production has been affected, save in Libya, Sara Akbar, CEO of Kuwait Energy, told CNBC Tuesday.

  • Unrest in the Middle East has put investors on high alert as crude oil prices move seemingly with every development in the region. In order to understand the effect of those events on both US and global oil markets, a key figure to watch is the amount of crude oil produced daily in each country. With data from the Energy Information Administration (EIA), a division of the Department of Energy, CNBC.com took a look at the countries that produce the most crude oil on a daily basis. Production is d

    With data from the Energy Information Administration (EIA), a division of the Department of Energy, CNBC.com took a look at the countries that produce the most crude oil on a daily basis.

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    With gasoline prices at $4 a gallon, it's clear we should double down on our oil war strategy, but this time go after reserves that aren’t so far away—Canada.

  • This Veteran's Day, one company started by a "serial entrepreneur" provides a uniquely modern way to say "thank you". Products for Good sells "liberated Iraqi coins" which people buy for veterans in their lives.

  • Justin and Gen. Patraeus

    According to the SBA, one in seven veterans are self-employed or small business owners and about one quarter of veterans say they are interested in starting and buying their own businesses. The percentage is even higher among women veterans, noted the SBA.

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    In his first one-on-one television interview since leaving the White House, former President George W. Bush talked about regrets, accomplishments and his legacy with NBC's Matt Lauer.

  • US Army Blackhawk helicopters sit on the tarmac with US Air Force C5A transport jets in the background at Baghdad International Airport.

    The U.S. 4th Stryker Brigade, 2nd Infantry Division—the last withdrawing unit of U.S. combat troops in Iraq—is crossing the border into Kuwait early Thursday, local time, NBC reported.

  • US Debt Clock

    The government’s surging deficit can be cut, easy. Getting it done? Almost impossible. Economic recovery and the end to stimulus spending will do the heavy lifting in Treasury's plan to slash the deficit.