Stir the yeast into 1/2 cup of the warm water. Let it proof until foamy.
In a mixing bowl, combine the flour, sugar, and salt.
Add the yeast mixture, remaining 1 1/2 cups water, and olive oil to the dry ingredients. Mix using a dough hook on a low speed until a dough forms.
Knead with the mixer for 7 minutes, or transfer to a floured surface and knead by hand for about 10 minutes until smooth and elastic. If the dough is too sticky, add a little more flour at a time until it is easier to work with.
Place the dough in a lightly oiled bowl, cover, and let it rise in a warm place for 1 1/2 hours or until doubled in size.
Punch down the dough, shape it into an oval loaf with tapered ends, and place on a prepared baking sheet. Cover and let rise for 30 minutes.
Preheat the oven to 425°F. Place a metal baking pan on the lowest rack.
Brush the loaf with beaten egg white and make a lengthwise slash about 1/4-inch deep.
Pour 1 cup of water into the metal pan in the oven to create steam. Bake the bread for 30-40 minutes until golden brown.
Let the bread cool on a wire rack before slicing.