Rey, Iran Rey, Iran Rey or Ray (; , Šahr-e Rey, “City of Ray”), also known as Rhages (; , or Europos (Ευρωπός) "Rhagai"; or "Rhaganae") and formerly as Arsacia, is the capital of Rey County in Tehran Province of Iran, and the oldest existing city in the province. Ray today has been absorbed into the Greater Tehran metropolitan area. Ray is connected via the Tehran Metro to the rest of Tehran and has many industries and factories in operation. Limited excavations of what was not bulldozed began in 1997 in collaboration with the Iranian Cultural Heritage and Tourism Organization (ICHTO), the
History of the Islamic Republic of Iran he will rarely come home. There are so few good jobs that everyone, from students to middle-aged engineers, is looking for a way out." An estimated "two to four million entrepreneurs, professionals, technicians, and skilled craftspeople (and their capital)" emigrated to other countries following the revolution, and continue to do so at a rate of more than 150,000 a year. This flight of intellectual capital is estimated to come to almost $6 billion a year in growth opportunities, based on the average Iranian professional contributing $40,000 per year to gross capital formation. Emigration from Iran, starting with young males fleeing