Anglo-Ottoman Convention of 1913 Empire within the drawn green-zone and pledged to not establish a protectorate, while the Ottoman Empire recognized the validity of agreements that had made Kuwait a British protectorate except by name and recognized Kuwait as an independent entity within the drawn red-zone. According to the agreement, Kuwait constituted “an autonomous kaza of the Ottoman Empire,” thereby recognizing Sheikh Mubarak al-Sabah as ruler of Kuwait as well as "kaymakam" (Ottoman district governor) (Article 1). Kuwait was listed as such because the Ottomans and British interpretations of “sovereignty” and “suzerainty” differed in their counter-drafts and so both terms were omitted in the
Historiography of the fall of the Ottoman Empire in the Balkans hastened the slide into bankruptcy. After negotiations with the European powers, the Public Debt Administration was set up, to which certain revenues were assigned. This arrangement subjected the Ottomans to foreign financial control from which they failed to free themselves, in part because of continued borrowing. In 1914, the Ottoman debt stood at 139.1 million Turkish pounds, and the government was still dependent on European financiers Why had the Ottomans not developed their own financial system in line with London and Paris? It was not for the want of trying. Since the beginning of the 18th century,