Welcome to IMG Qatar... Qatar, officially the State of Qatar (Arabic: دولة قطر transliterated as Dawlat Qatar), is an Arab emirate in Southwest Asia, occupying the small Qatar Peninsula on the northeasterly coast of the larger Arabian Peninsula. It is bordered by Saudi Arabia to the south; otherwise the Persian Gulf surrounds the state. During the pre-Islamic era, the peninsula was often dominated by various Persian dynasties, the last of which (the Sasanians) included the Qatar peninsula, which they called Meshmahig ("Big Island"), in their province of Bahran/Bahrain with its capital at Shirin (probably, the modern Qatif). This province included the island of Bahrain and the coastal regions of modern Saudi Arabia. In the Islamic era, Qatar was one of the earliest locales occupied by the Muslims. Qarmatians arrived in the area very early during the Islamic era and spread their influence widely, as they did in the neighboring Hasa region. In medieval times, Qatar was more often than not independent and a participant in the great Persian Gulf-Indian Ocean commerce. Many races and ideas were introduced into the peninsula from Africa, South and Southeast Asia, as well as the Malay archipelago. Today, the traces of these early interactions with the oceanic world of the Indian Ocean survive in the small minorities of races, peoples, languages and religions, such as the presence of Africans and Shihus. Before the discovery of oil, the economy of the Qatari region focused on fishing and pearling. After the introduction of the Japanese cultured pearl onto the world market in the 1920s and 1930s, Qatar's pearling industry faltered. However, the discovery of oil, beginning in the 1940s, completely transformed the state's economy. Now the country has a high standard of living, with many social services offered to its citizens and all the amenities of any modern state. Qatar’s national income primarily derives from oil and natural gas exports. The country has oil estimated at 15 billion barrels (2.4 km³), while gas reserves in the giant north field (South Pars for Iran) which straddles the border with Iran and are almost as large as the peninsula itself are estimated to be between 800 trillion cubic feet (23,000 km3) to 80 trillion cubic feet (2,300 km3) (1 trillion cubic foot is equivalent to about 80 million barrels (13,000,000 m3) of oil). Qatar is sometimes referred to as the Saudi Arabia of natural gas. Qataris’ wealth and standard of living compare well with those of Western European states; Qatar has the highest GDP per capita in the Arab World according to the International Monetary Fund (2006) and the highest GDP per capita in the world according to the CIA (2007), though it was previously the United Arab Emirates that was the wealthiest Arab country according to the University of Pennsylvania (2003). With no income tax, Qatar is also one of the two least-taxed sovereign states in the world (the other is Bahrain). |