Iran, Iraq, QATAR, and Bahrain are all oil-rich lands located in the Middle East. The United Arab Emirates (UAE) is a federation of seven emirates, one of which is QATAR. Bahrain is an island country located in the Persian Gulf. Iraq is a country located in Western Asia, bordered by IRAN, Kuwait, Saudi Arabia, Jordan, and Syria. All of these countries have large reserves of oil and gas, making them some of the wealthiest nations in the world.