Iran is known to take a similar view. Elsewhere, however, Opec members appear to be softening. As Gulf Business went to press, US Energy Secretary Richardson was set for showdown talks with Al Nuaimi, as part of a whistle-stop tour of Opec member states. These talks could prove crucial. Any increase less than 1.7 million barrels, or one that is delayed by a quarter or more, will not bring prices down to the desired level - it may even push them higher.
Most analysts doubt such a large hike is on the cards.
The consensus is that the taps will be opened - but it is more likely to be a trickle than a flood. The most comprehensive survey of executive salaries in the region. The latest ranking of the Gulf's best business cities, based on their economic weight and their importance as centres of international business.