Rey, Iran capital Tehran brought more people to visit the shrine and a major restoration was sponsored by the court. Thus Ray was the first place in Iran to be connected to the capital by a railroad in 1888. 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
Export Development Bank of Iran of the recent upgrade of Iran’s Sovereign Long-Term Foreign Currency Rating (FCR) to BB-/B/Stable (from B+/B/Stable), EDBI’s Support Rating is raised to ‘2’ from ‘4’, which indicates a very high likelihood of further foreign currency liquidity and capital support being made available by the authorities. The Export Development Bank of Iran has access to the Government Fund (Sovereign Wealth Fund) administered by the National Development Fund of Iran [NDFI] which was founded in 2011. The NDFI has so far signed agency contracts with different Iranian banks including Exports Development Bank of Iran (EDBI) to allocate US$9 billion for supporting investments