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Monday, November 2, 2009

Iranian business daily Sarmayeh banned

Iran's leading business daily Sarmayeh has been shut down by the country's press supervisory body.

Sarmayeh's license was revoked on Monday due to 'repeated violations' of Iran's press laws, according to a statement by the media section of the Ministry of Culture and Islamic Guidance.

The paper, owned by former Tehran Stock Exchange director-general Mohammad Hossein Abdo-Tabrizi, was closed after printing 1,151 issues.

Sarmayeh was critical of President Mahmoud Ahmadinejad's economic and monetary policies.

The daily's editor Saeed Laylaz was arrested in the aftermath of Iran's June 12 presidential election, on charges of instigating post-vote unrest.

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