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
Human capital flight from Iran Human capital flight from Iran According to the International Monetary Fund, the Islamic Republic of Iran had a substantial drain of highly educated individuals (15 percent) in the early 1990s. More than 150,000 Iranians left the Islamic Republic every year in the early 1990s, and an estimated 25% of all Iranians with post-secondary education then lived abroad in "developed countries" (according to the standards of the OECD). A report by the International Monetary Fund in 2009 indicated that Iran tops the list of countries losing their academic elite, with an annual loss of 150,000 to 180,000 specialists. It is equivalent