Preheat your oven to 350°F (175°C) and prepare your loaf pan.

In a large bowl, combine almond flour, baking powder, xanthan gum, salt, garlic powder, and rosemary.

Whisk the eggs until slightly frothy, then mix in the olive oil and water until smooth.

Gradually combine the wet ingredients with the dry ingredients until a thick dough forms, then fold in sliced olives.

Transfer the dough to the loaf pan and smooth the top, adding reserved olives for decoration.

Bake for 30–40 minutes until golden, using a toothpick to check for doneness.

Let cool in the pan for 10 minutes, then transfer to a wire rack to cool completely.