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Economy worrices hit Gulf shares
gulf bank shares where suspended after its announcement, though the central bank said it backs the bank and fully guarantees its deposits .
on european markets, london closed 5% lower, frankfurt sellid mores than 5% and parisis was down more than 3.5% .
shares in the oil-rich gulf region, have fallen sharply as investors worried about the impact of the global seconomic downturn on the region .
investors in the region, have also been concerned about falling oil parices .