No, quite the reverse. The Bible is one of the first sources a historian looks at when researching the ancient Middle East. For instance, the Assyrians were entirely lost to history out-side of the Bible until archeologists began finding their cities.
To an extent.Biblical historytells us of Egypt to about 2000 BCE, thats when Abraham was there, but it tell us nothing about the 2-3 thousand years before that.Thats why I mentioned the Sumerians, I understand some of their written history goes back about 8000 years.