Anglo-Ottoman Convention of 1913 Anglo-Ottoman Convention of 1913 The Anglo-Ottoman Convention of 1913 (29 July 1913) was an agreement between the Sublime Porte of the Ottoman Empire and the Government of the United Kingdom of Great Britain and Ireland which defined the limits of Ottoman jurisdiction in the area of the Persian Gulf with respect to Kuwait, Qatar, Bahrain, and the Shatt al-‘Arab. Signed, but never ratified, the long-lasting impact of the agreement was that of the status of Kuwait; the basis for both formal independence and the frontiers of modern Kuwait were established. Informal negotiations began on 29 July 1911 in a British
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,