Drain a 20-ounce can of cooked chickpeas into a sieve, and rinse under cold running water. Cut 1 large potato into ½-inch thick chunks. Roughly dice ½ of a green and ½ of a red bell pepper. Finely dice ½ of an onion, and finely mince 4 cloves of garlic.
Heat a stock pot over medium-high heat and add ¼ cup of extra virgin olive oil. Add the diced onions and minced garlic in, and stir in the olive oil, for about 2 to 3 minutes.
When the onions become translucent, add in the chopped red and green bell peppers; continue to stir in the olive oil, about 5 minutes or until the bell peppers are soft.
Add the chopped potatoes, drained chickpeas, 1 tsp sweet paprika, and ½ tsp dried thyme;. Season with salt and pepper, and gently stir until mixed well. Add 3 cups of cold water and ¼ tsp of saffron threads; give it a mix, and bring to a boil. Cover the pot with a lid and lower the heat to low-medium.
After 20 to 25 minutes, the potatoes should be perfectly cooked. Remove the lid from the pot, pierce a potato with a toothpick, and if it goes in, the potatoes are done. Remove the stock pot from the heat.
Transfer the stew into shallow bowls and sprinkle with freshly chopped parsley. Enjoy!