It might be valuable in some fashion but if it is used to contradict what Scripture plainly states then it has very little value in understanding the Bible. If ANE is used to try and say Genesis is not actual history then it's value is zero when it come to understanding the Bible.The Bible is indeed authoritative " for teaching, rebuking, correcting and training in righteousness." But other works contemporaneous to scripture must be consulted to increase our knowledge of language and literary practices as an aid to interpretation. Knowledge gained about the history of the ANE through non-biblical sources and archaeology is also valuable to our understanding of the Bible.
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