Heat the milk till it becomes lukewarm. To this, add saffron, sugar and yeast.
Let this rest for a minute or two.
In a mixing bowl, combine flour and salt.
To this, add the milk mixture.
Add raisins and cranberries.
Mix well. Add water, and knead into a smooth dough.
Cover and rest this dough till it doubles in size ( Roughly about an hour when kept in a warm place).
When it doubles in size, knock it, add oil and knead once again. Now transfer this dough to a bread mould.
Keep it again in a warm place for about 30 minutes. The dough will rise again.
Preheat the oven to 200 deg C for 10 minutes.
Bake the bread for 30 minutes.
After 30 minutes, remove the bread from the oven and let it rest in the bread mould for about 10 minutes.
Then remove it and let it cool completely on a wire rack.
Slice it when the bread has cooled completely.