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In a medium saucepan, heat olive oil over medium heat.
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Add chopped onion and cook until translucent, about 3 minutes.
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Add diced red bell pepper and cook for another 2 minutes.
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Stir in rice and cook for 1-2 minutes to lightly toast.
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Add chicken broth and bring to a boil.
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Reduce heat to low, cover, and simmer for 15-20 minutes, or until the rice is cooked and liquid is absorbed.
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Stir in black olives, cherry tomatoes, and feta cheese. Cook for an additional 2 minutes to warm through.