Sheikhdom of Kuwait include any deepwater harbours), the Iraqi King Faisal I (whom the British installed as a puppet king in Iraq) did not agree to the plan. However, as his country was under British mandate, he had little say in the matter. Iraq and Kuwait would formally ratify the border in August. The border was re-recognised in 1932. In 1913, Kuwait was recognised as a separate province from Iraq and given autonomy under Ottoman suzerainty in the draft Anglo-Ottoman Convention, however this was not signed before the outbreak of the first World War. The border was revisited by a memorandum sent by
Kuwait the stock market crash. In 1990, Kuwait was invaded, and later annexed, by Saddam's Iraq. The Iraqi occupation of Kuwait came to an end in 1991 after military intervention by a military coalition led by the United States. Kuwait is a major non-NATO ally of the United States. It is also a major ally of ASEAN, while maintaining a strong relationship with China. Kuwait is a constitutional sovereign state with a semi-democratic political system. Kuwait has a high-income economy backed by the world's sixth largest oil reserves. The Kuwaiti dinar is the highest valued currency in the world. According to