MERGING TRAFFIC

Dubai Taxi to purchase its rival National Taxi for $395 million

The deal will lift DTC’s Dubai market share to 59% and expand its presence into Abu Dhabi, with the combined fleet exceeding 14,000 vehicles

Christopher Pike/Bloomberg via Getty Images

Dubai taxi passes a Salik toll gate on Sheikh Zayed Road in Dubai

Dubai Taxi Company has agreed to acquire rival National Taxi for $395 million, strengthening its position in the UAE market.

The deal will lift DTC’s Dubai market share to 59% and expand its presence into Abu Dhabi,...