Heat milk, oil, and sugar in a small saucepan. Don't let it come to a boil. Take off the heat and cool.
When this mixture is just warm, sprinkle over the yeast. Set aside for 5-10 minutes until the mixture is bubbly.
Whisk in the 2 cups of flour. Cover and place in a draft-free place for 1 hour or until the dough is doubled in size.
When the dough has doubled in size, add in the extra 1/4 cup flour, baking powder, baking soda, and salt.
Mix well. The dough is now ready for use immediately. You can refrigerate it for 30 minutes or up to 2 days. I chilled the dough for 30 minutes.
Preheat your oven to 200 C. Keep a greased baking dish handy.
For the ease of managing the dough, I divided it into 2 halves and worked with one half at a time. You can work with the full dough if you wish.
Sprinkle flour on your work surface and roll out the dough into a large rough rectangle. I like to keep the thickness around 1/8".
Brush liberally with olive oil. Sprinkle over the brown sugar evenly. Top this with the chopped nuts, cinnamon powder, and nutmeg powder.
Starting with a long side of the rectangle, start rolling the dough tightly. Pinch the seam together and make sure the seam is facing down.
Cut into 2" slices, place cut side down on your baking pan. Make sure there is some room between the rolls as they will expand.
Let the rolls rise for another 15-20 minutes. Bake for 20 minutes until they are golden brown on top.
Pour the glaze over the warm rolls. Let the rolls soak the glaze ( 5-10 minutes). Sprinkle with some dried rose petals and nuts. Serve warm. Enjoy!
Glaze
In a small bowl, combine the honey with warm water to make a slightly loose syrup. Mix in the rose water. This is your simple honey glaze for the rolls.