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) comes from the name of a fortress built on the Manzanares River in the 9th century AD, and means "Place of abundant water".
If the form is correct, it could be a Celtic place-name from ritu- 'ford' (Old Welsh rit, Welsh rhyd, Old Breton rit, Old Northern French roy) and a first element, that is not clearly identified *mageto derivation of magos 'field, plain' (Old Irish mag 'field', Breton ma 'place'), or matu 'bear', that could explain the Latin translation Ursalia.
Nevertheless, it is also speculated that the origin of the current name of the city comes from the 2nd century BC.
Madrid is home to two world-famous football clubs, Real Madrid and Atlético de Madrid.Due to its economic output, high standard of living, and market size, Madrid is considered the major financial centre of Southern Europe and the Iberian Peninsula; it hosts the head offices of the vast majority of major Spanish companies, such as Telefónica, Iberia, and Repsol.Madrid is the 17th most livable city in the world according to Monocle magazine, in its 2014 index.Madrid houses the headquarters of the World Tourism Organization (UNWTO), belonging to the United Nations Organization (UN), the SEGIB, the Organization of Ibero-American States (OEI), and the Public Interest Oversight Board (PIOB).It also hosts major international regulators of Spanish: the Standing Committee of the Association of Spanish Language Academies, headquarters of the Royal Spanish Academy (RAE), the Cervantes Institute and the Foundation of Urgent Spanish (Fundéu BBVA).
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Madrid organizes fairs such as FITUR, While Madrid possesses modern infrastructure, it has preserved the look and feel of many of its historic neighbourhoods and streets.