This is called the "special forces" patch and it was first used under Hussein. THe current manufactured patches are indistinguishable from Hussein era. At any rate, perhaps under Hussein these were used with SF/airborne units, now it's pretty much ANY army, police unit will use this and displayed in a number of different places. ditto on the para wings as well. Uniform standards are very lax tho a bit better than 04.
Yours appears to be done on velvet type backing, and they're pretty nice.
Here's a pic of just a few of the variations in construction, all post 2003