Qatar received its name from the inhabitants of the place 'Cattarei'. Up until the 18th century the region was designated as 'cadara' which in time shaped its name to Qatar. It is one of the wealthiest countries in the middle-east, or may be the world. You might be thinking, it's a small nation how can it be the richest in the world. The answer can be simplified to just two words "NATURAL GAS". Yes Qatar has the most natural gas reserves in the world and we know in this era gasoline is the trump card to get you into the prime league of nations, and guess what Qatar has got few of them in their pocket.
Qatar is also the host for the upcoming FIFA World cup in 2022, thereby establishing their socio-economic power in the world. The currency used in Qatar is called a Riyal.