A great number of artists have created works loosely based on the Art of Ancient Egypt, but I would emphasize the word loosely.
Probably the most famous works (although not by particularly famous artists) are the engravings done by artists in the employ of Napoleon, published originally as Description De L'Egypte and recently republished in English as Monuments of Egypt, however these might not be the sort of thing you are looking for as, although they are exquisitely done, they were intended more as documentation than as fine art.
Many famous artists have treated Egyptian themes, but not necessarily in the Egyptian style. Cleopatra VII has been painted by such notables as Michelangelo, Jean-Louis Gerome, Giambattista Tiepolo, Jean-Baptiste Regnault,Lawrence Alma-Tadema, Sir Joshua Reynolds, and Gustave Moreau among many others. Of these, only the Gerome shows any influence at all of the Egyptian style, and even that one not much.
There are of course any number of paintings inspired by Egyptian stories from the Bible, but again, these paintings are all done in the style contemporary to the painter, and not in the style of Ancient Egypt.
There are many people now, (not famous so far as I know) copying Egyptian paintings onto papyrus and selling them. These are of course copies, so again, may not qualify as fine art.
The greatest influence of Ancient Egyptian art in the modern world may have been on European interior decorators of the 1800's who were greatly influenced by the publication of [I}Description De L'Egypte.[/i]
I hope that this has been of some help.