With blender, blend tomatoes, onions, red pepper, and garlic until smooth. Add bouillon cubes, thyme and white pepper.
Add olive oil to the blended paste, and set the mixture aside. Add 4 cups of water into a pot.
Wash the rice in hot water until the water is clear. Drain through a fine sieve.
Pour the rice and blended mixture into the pot of water and stir with wooden spoon. Set the stove to medium heat and place pot on stove, then let it cook for 45 minutes while stirring every 15 minutes.